During the meetings, Haroon Akhtar Khan stated that Prime Minister Muhammad Shehbaz Sharif’s vision is to transform Memorandums of Understanding (MoUs) and agreements into practical implementation, adding that the government has been working day and night to ensure effective follow-up and execution.

The SAPM highlighted that Chinese investors expressed keen interest in investing in Pakistan’s electric vehicle (EV) sector, including the assembly and eventual local manufacturing of electric vehicles, EV batteries, and advanced energy storage batteries.

Haroon Akhtar Khan further informed that the government is finalizing an EV Battery Policy, which will be rolled out soon to facilitate investment, local manufacturing, and technological advancement in the sector.

He assured all stakeholders of complete follow-up on MoU signings and Joint Ventures (JVs), emphasizing the government’s commitment to creating a business-friendly environment for foreign and local investors.

The SAPM stated that Chinese investment in Pakistan would generate significant economic benefits, strengthen local manufacturing, and create new employment opportunities.

He added that the government aims to promote local manufacturing and introduce modern lithium-ion and sodium-ion battery technologies for industrial as well as everyday use across Pakistan.

Haroon Akhtar Khan noted that practical steps are being taken to promote advanced battery technologies and the electric vehicle industry in Pakistan, adding that industrial cooperation between Pakistan and China is evolving into a new era of economic partnership.