KARACHI: A Chinese industrial giant, having the largest bus manufacturing plant in the world, on Thursday “agreed” to set up its plants in Karachi and Hyderabad.
The development came in a meeting between Sindh Transport Minister Sharjeel Inam Memon and Paul Zhang, the country manager of the Yutong Buses China, here.
“The plants will be set up on 15 to 18 acres of land,” said a statement issued by the Sindh transport department after the meeting. “The provincial minister informed the meeting that the transport department is making every effort to attract foreign investors to set up the public transport plants in Sindh.”
It said that this would bring much-needed improvement in the province’s transport sector and result in foreign direct investment that would lead to creation of new jobs.
Published in Dawn, July 15th, 2022