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CM Maryam Nawaz Sharif welcomes $700 million investment in Punjab

2 years ago
in Pakistan
Reading Time: 1 min read
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By Our Correspondent

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif’s visit to China have started bearing fruit. The Chief Minister met a high-level Chinese delegation at Punjab House, Islamabad which comprised Chengdu General Coordinator for ICT Hub Ms. Scarlett and Deputy CEO Huawei Mr. Yu Ray. Chengdu expressed its consent to make an investment worth 700 million dollars and she gave its principle approval.
E-taxi service will be launched soon with the cooperation of Chengdu. A Chinese company will also establish a ‘Computing Centre’ in Lahore Nawaz Sharif IT City. In the meeting, it was agreed to establish a Data and Cloud Centre in Nawaz Sharif IT City. The Punjab government will provide land and building for establishing a Data and Cloud Centre. It was agreed to establish the first e-commerce platform in Pakistan.
The Chinese company will also impart training to the Pakistani youth for online worldwide trading. Smart control room, smart traffic control, smart transport, smart sanitation centre will be established in Lahore with the Chinese cooperation.
CM Punjab, Transport Minister Bilal Akbar and the delegation were briefed about the latest digital centre during their visit to China. An AI Industry Centre will also be established in Phase Two to introduce the youth with the artificial intelligence technology.
The Chinese government will also provide assistance for platform service capacity building in Punjab. Providing assistance in local investment for the establishment of industries was also reviewed in Phase Three. A collaboration will also be made to introduce Pakistani youth with the modern technological requirements.
CM Maryam Nawaz Sharif said, “We want to make Punjab the biggest artificial intelligence centre with the cooperation of China. Punjab will soon become an IT hub in the region and we want our youth to excel and surpass in the IT sector.”

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