Latest news with #ChaudhryShafayHussain
Business Recorder
30-05-2025
- Business
- Business Recorder
Minister opens 20th Plastic, Packaging Industry expo
LAHORE: Provincial Minister for Industries and Commerce, Chaudhry Shafay Hussain, inaugurated the three-day 20th Plastic and Packaging Industry Exhibition at the Expo Center. The exhibition, which commenced on May 29, will run until May 31. During his visit, the provincial minister inspected the stalls set up by over 200 companies from 30 countries participating in the exhibition. Chaudhry Shafay Hussain announced that a new policy regarding industrial estates is being introduced, which will come into effect after approval from the Chief Minister of Punjab. According to him the new policy aims to promote industrialization by reducing plot prices in industrial estates. Furthermore, the government plans to eliminate land mafia, which has been involved in property businesses in industrial estates. According to the new policy, plots will be canceled if factories are not established within two years. The minister disclosed that agreements were made with major investor groups during his recent visit to China to invest in Punjab. Vivo, a Chinese mobile company, is setting up a plant in the Industrial Estate Faisalabad, and Vivo mobile phones will start manufacturing in Punjab within the next 18 months. Chaudhry Shafay Hussain emphasised the importance of tree plantation to mitigate the effects of climate change. The Punjab government, under the leadership of Chief Minister Maryam Nawaz Sharif, is working to promote tree plantation. The Provincial Minister also highlighted that promoting the electric vehicle sector is a top priority for the government, with efforts underway to establish electric vehicle manufacturing plants in Punjab. Foreign companies are prioritising investments in Punjab, with a Chinese company planning to set up a lithium battery plant. Pakistan's packaging industry has made significant progress, attracting foreign companies to invest in Punjab. Copyright Business Recorder, 2025
Business Recorder
23-04-2025
- Business
- Business Recorder
Minister, CBC delegates discuss establishment of China Business Park
LAHORE: A delegation of Chinese Business Council met with Punjab Minister for Industries, Commerce, and Auqaf Chaudhry Shafay Hussain. The delegation was led by Executive Chairman of the Chinese Business Council, Chen Qiang Jiang. During the meeting, the provision of waqf land of the Auqaf Department for the establishment of China Business Park was reviewed. Provincial Minister Chaudhry Shafay Hussain stated that approval from the provincial cabinet will be sought to lease the waqf land of the Auqaf Department for the China Business Park. The minister directed that a proposal be prepared for leasing the Auqaf Department's land and instructed that a survey be conducted of the land connected to the shrine of Hazrat Noor Shah Attari near Ferozepur Road regarding industrial infrastructure. Chaudhry Shafay Hussain further stated that the Chinese Business Council should present a complete plan regarding the establishment and investment of the business park. The Council may also set up business park in Punjab's special economic zones. The minister added that many foreign investment companies, including those from China, have already invested in Punjab, and many more are ready to do so. 'Bringing new investment to Punjab is my mission and all possible steps are being taken to achieve this goal,' he emphasized. Executive Chairman of the Chinese Business Council, Chen Qiang Jiang said that the Council intends to establish a China Business Park in Punjab and will invite Chinese companies to invest in it. He mentioned that companies from China associated with shoe making, artificial intelligence, electric vehicles, technology, and other sectors are ready to invest in the region. The meeting was also attended by Secretary Auqaf Dr Tahir Raza Bukhari, Additional Secretary Auqaf, Director General Auqaf, and other concerned officers. Copyright Business Recorder, 2025
Business Recorder
22-04-2025
- Business
- Business Recorder
PFMMS 2025 concludes with tremendous success
LAHORE: The Pakistan Footwear Material and Machinery Show (PFMMS) 2025 concluded with tremendous success, reaffirming its status as the region's premier event for the footwear industry. The grand inauguration was held in Lahore and was graced by Chaudhry Shafay Hussain, the Italian Ambassador to Pakistan, Chairman PFMA Rashad Islam, and Lui, a distinguished representative of the Chinese footwear sector and industry. This year's show recorded exceptional international participation, with over 250 Chinese exhibitors presenting their latest in footwear components, materials, and cutting-edge manufacturing technologies. The event also welcomed more than 200 Chinese visitors, contributing to a vibrant and high-energy business atmosphere. The Pakistan footwear industry responded with overwhelming enthusiasm, with strong attendance from manufacturers, suppliers, designers, and retailers across the country. The engagement reflects the growing momentum of the industry, which is now on the verge of taking off as one of Pakistan's leading exporting sectors. Chairman PFMA, Rashad Islam, expressed his appreciation to the participants, international delegates, and industry stakeholders. 'PFMMS 2025 marked a new milestone in our journey. The collaboration and exchange of ideas, especially with our partners from China, are a testament to our shared commitment to innovation and growth. Pakistan's footwear industry stands ready to become a global player.' PFMMS continues to play a pivotal role in building bridges between local and international players, and in enabling the technological advancement of Pakistan's footwear industry. Copyright Business Recorder, 2025
