The Chinese company, Modern Ceramics has announced to invest 8Bn in Punjab’s industrial sector. This announcement was made after the company delegation met with the Punjab Board of Investment and Trade.
Chairman Muntaha Ashraf, CEO Suhail Saleem, and Board Member Ahmad Ali Tariq met with Modern Ceramics executives to finalize the company’s strategy for developing a perfect manufacturing facility in Allama Iqbal Industrial City (AIIC).
As a result of these facilities, the rising demand of sanitary ware in Pakistan would meet with the supply. Pakistan can also become one of the top exporter of Sanitary Ware in the Middle East Market.
This initiative will result in producing over 400 to 500 jobs and will also create region’s economic stability. The process will also reduce imports of Pakistan in terms of sanitary products.
Muntaha Ashraf, the chairman has assured the Chinese delegation for fully support and honest implication of all the rules and regulations.
