Punjab has taken another major step toward industrial expansion as a Chinese investor group has signed an agreement with the provincial government to develop a 300-acre industrial park in the province.

According to officials from the Punjab Industries, Commerce, Investment and Skills Development (ICISD) Department, the project will be developed by Sino Pak Tech Industry (Pvt) Ltd, which plans to bring USD 1.5 billion in foreign direct investment (FDI) to Pakistan.

The upcoming industrial zone will host manufacturing units across multiple sectors, including textiles, automotive, pharmaceuticals, and allied industries. Once operational, the project is expected to generate thousands of employment opportunities, significantly contributing to Punjab’s industrial and economic growth.

Speaking on the occasion, Provincial Minister for Industries and Commerce Chaudhry Shafay Hussain said the Punjab government is providing full facilitation to foreign investors. He stated that the project reflects the government’s commitment to promoting industrialization, increasing exports, and creating sustainable jobs across the province.

The minister further highlighted that Special Economic Zones (SEZs) in Punjab are being upgraded with international-standard infrastructure to attract global investors. Under the Faisalabad Industrial Estate Development and Management Company (FIEDMC), additional support facilities such as community centers, banking services, and investor-focused amenities are being introduced to ease business operations.

Sino Pak Tech Industry (Pvt) Ltd is part of a broader Sino-Pak industrial cooperation network, aimed at strengthening manufacturing and technology collaboration between China and Pakistan. Other affiliated entities, including SINOPAK Electromechanica (Pvt) Limited, provide end-to-end industrial support services such as procurement, logistics, customs clearance, inland transportation, machinery installation, and after-sales assistance.

Industry experts believe the project will enhance investor confidence, boost industrial real estate demand, and further position Punjab as a key destination for foreign investment and large-scale industrial development.