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Chinese industrial group to invest $100 million in Punjab

KARACHI, 05 FEB (DNA) – A major Chinese industrial group – Kirrich Corporation has announced to invest $100 million in mining sector of Pakistan, this was announced by the Chief Executive Officer of SME Business Solutions Ltd, Wali Ullah Khan following a ceremony of providing services to the Chinese investors in Pakistan.

Wali Ullah Khan said that Kirrich Corporation of Beijing would have a network of mineral exploration mainly in Punjab province where many natural resources and minerals especially gypsum, iron ore, lime stone, silica, China Clay, Dolomite, coal, rock salt, chalk, bauxite, etc.

The delegation from Kirrich Corporation led by its Director, Ma Qui Yun has also visited the office of SME Business Solution and signed MoU on behalf of her company. Motia Junejo the local director of the Chinese investors and CFO/Company Secretary of SME Raeel Fatima were also present on the occasion. According to agreement SME Business Solution would provide Corporate and legal services to Kirrich Corporation in Pakistan.

Ma Qui Yun said on this occasion that Pakistan is the land of opportunities and Punjab region has mineral resources in abundance and only an affective mining is required to exploit these rich resources. DNA

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