China’s Hebei Juhang Energy Technology Group has expressed strong interest in establishing a large-scale solar panel manufacturing facility in Pakistan, with plans to cater to both local needs and international exports.
The development came during a meeting in Islamabad on Tuesday between a delegation led by Group Chairman Wang Jianbin and Pakistan’s Minister for the Board of Investment (BoI), Qaiser Ahmed Sheikh.
Delegates, joined by members of the China-Pakistan Business Forum, outlined intentions to invest billions of dollars in Pakistan’s solar energy and other high-tech sectors. Minister Sheikh welcomed the proposal, calling the present moment a “golden opportunity” for foreign investment in the country. He highlighted recent reforms, including the launch of a single-window Business Facilitation Centre (BFC) aimed at simplifying regulatory procedures.
As part of its investment framework, the BoI informed the Chinese group that the government is ready to allocate up to 6,000 acres of land for the project. The delegation was also briefed on Pakistan’s Special Economic Zones (SEZs), which offer incentives such as a 10-year income tax holiday for eligible investors.
Sheikh noted signs of economic stabilization, pointing out the sharp rise in Pakistan’s stock market index over the past year and highlighting sectors such as agriculture, solar manufacturing, IT, chemicals, and industrial production as major areas of opportunity.
The officials also reviewed outcomes from the second Pakistan-China B2B Investment Conference held in Beijing in September, which produced agreements and joint ventures valued at $8.5 billion across multiple priority sectors.
Minister Sheikh reaffirmed the BoI’s support for Chinese investors and called for rapid progress on feasibility studies and joint-venture negotiations. He said Pakistan remains a strategic partner for China and is ready to welcome high-quality green-tech investments that can create jobs and support long-term sustainable growth.
