Sharjeel, Nasir visit Chery Holdings Group's HQs
WUHU, (China): Sindh Senior Minister Sharjeel Inam Memon and Provincial Minister for Energy, Planning, and Development Syed Nasir Hussain Shah visited the headquarters of the Chinese automobile company Chery Holdings Group in Wuhu, China.
Upon their arrival at Chery Holdings Group, they were warmly welcomed by the Chairman, Yin Tongyue.
In a meeting with Provincial Minister Syed Nasir Hussain Shah and Senior Minister Sharjeel Inam Memon, Chairman Yin Tongyue reiterated Chery Holdings' resolve for sustainable development of electric vehicles and alternative energy projects.
Senior Minister Sharjeel Inam Memon and Minister Syed Nasir Hussain Shah hailed Chery's initiative and once again expressed Pakistan's resolve to enhance such collaborations in a bid to meet the objectives of sustainable development. They termed such collaborations as imperative for driving energy efficiency and environmental sustainability in Pakistan. Due to the initiatives of Sindh Senior Minister Sharjeel Inam Memon, Chery Holdings Group has agreed to set up electric vehicle charging stations throughout Sindh.
Senior Minister Sharjeel Inam Memon stated that an EV charging station will be established every fifty kilometres across all districts of Sindh. He added that these charging stations will greatly benefit owners of electric motorcycles, cars, and trucks.
He said that the transport system in Sindh is being modernized and that their vision is to promote environmentally friendly electric vehicles. Chery Holdings Group has confirmed that EV charging stations will be built in Sindh. The construction of these stations will provide job opportunities to the people of Sindh as well. Apart from this, an assembly plant for EV mini trucks is being established in Karachi.
Sharjeel Inam Memon stated that the establishment of charging stations and assembly plants will create employment opportunities for the local population and make electric vehicles available at affordable prices.
Provincial Minister Syed Nasir Hussain Shah stated that Chinese investors have assured full cooperation on solar energy projects in rural areas of Sindh. The solarization of homes will help reduce the energy crisis and serve as a significant milestone in promoting environmentally friendly energy solutions.
He said that solar systems are being provided to poor families to help meet their daily energy needs. The solarization of homes will enable ordinary people to easily fulfil their electricity requirements.
Provincial Minister Syed Nasir Hussain Shah said that the solarization of homes will help the common man save on expensive electricity bills and significantly reduce problems like load shedding. It will also boost the local economy, create new employment opportunities, and contribute to the socio-economic development of rural areas.
Copyright Business Recorder, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
13 hours ago
- Business Recorder
Copper bounces on Trump pause on ME as tariff uncertainty lingers
LONDON: Copper prices rebounded on Friday after US President Donald Trump pushed back a decision on US military involvement in the Israel-Iran conflict, but gains were capped by uncertainty over tariffs and Chinese demand. Three-month copper on the London Metal Exchange was up 0.4% at $9,654 a metric ton by 1400 GMT. Earlier in the session, prices hit the weakest since June 13 at $9,558.50. Most metals moved higher along with stock markets after news emerged that Trump will decide in the next two weeks whether the US will get involved in the Israel-Iran air war and as Europe tried to coax Tehran back to negotiations. 'We've got the geopolitical uncertainty in the background although maybe a little bit of a reprieve on that side in the sense that Trump wants to allow a bit more time for diplomacy,' said Nitesh Shah, commodity strategist at WisdomTree. 'But we still have all the trade fears, which may have become a secondary feature over the last week. It's not that far down the line before the expiry of the 90-day pause on the Liberation Day tariffs.' The 90-day pause in Trump's broadest 'reciprocal' tariffs will end on July 8. Premiums for nearby LME copper contracts have jumped to their highest since October 2022 because of low inventories and large holdings of cash contracts and warrants, traders said. Copper stocks in LME registered warehouses at 99,200 tons have dropped more than 60% since the middle of February and are at their lowest since August 202. Much of the outflow of LME stocks has been to the United States to take advantage of higher copper prices there in anticipation of US tariffs being imposed. US Comex copper futures dipped 0.3% to $4.84 a lb, bringing the premium of Comex over LME copper to $1,016 a ton. A Shanghai-based metals analyst at a futures firm said in addition to the Middle East and US interest rates, investors were concerned about weaker demand in top metals consumer China. Among other metals, LME aluminium gained 0.7% to $2,540 a ton, zinc rose 0.4% to $2,651.50 and tin climbed 1.5% to $32,490 while nickel shed 0.4% to $14,995 and lead dipped 0.1% to $1,989.50.
Business Recorder
13 hours ago
- Business Recorder
Japanese rubber futures dip on supply woes
SINGAPORE: Japanese rubber futures eased on Friday on softer demand for the tyre-making material in top consumer China, though the contract posted weekly gains as wet weather sparked supply concerns. The Osaka Exchange (OSE) rubber contract for November delivery ended daytime trade 2.9 yen lower, or 0.97%, at 295.4 yen ($2.03) per kg. The contract gained 1.1% this week. The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery dipped 110 yuan, or 0.79%, to 13,900 yuan ($1,934.72) per metric ton. The most active July butadiene rubber contract on the SHFE fell 105 yuan, or 0.89%, to 11,630 yuan ($1,618.76) per metric ton. 'Rainfall in production areas at home and abroad interfered with tapping and the overall output of raw materials was in short supply,' said Chinese commodities data provider Longzhong Information. Central and southern China were on high alert for more flash floods on Friday as the annual East Asia monsoon gathered pace. Top producer Thailand's meteorological agency warned of rainfall that could cause flash floods and overflows from June 21-26, adding that farmers should prepare for crop damage. Consumption from the tyre industry is poor as demand enters the off-season, weighing on prices, said Chinese financial information site Tonghuashun Information. In currency markets, the yen edged up 0.1% to 145.35 per dollar. A stronger currency makes yen-denominated assets less affordable to overseas buyers. The front-month rubber contract on Singapore Exchange's SICOM platform for July delivery last traded at 161.2 US cents per kg, down 1.6%.
Business Recorder
13 hours ago
- Business Recorder
Govt urged to give special package to SMEs
KARACHI: Convener of the FPCCI Energy Committee, President of Pakistan Business Forum (Karachi Chapter), and Chairman & CEO of Malik Group, Malik Khuda Bakhsh has urged the government to introduce a special package for Small and Medium Enterprises (SMEs). He stated that this policy represents a step toward clean energy, sustainable transport, and industrial growth. He added that the government must create more opportunities for new investment, as foreign investors are willing to invest in Pakistan but currently lack the necessary facilities. He called on the government to provide full support and facilitation for investors. Bakhsh further shared that the installation of EV charging stations has already begun in Karachi and other parts of the country. A contract has been signed with a Chinese company for this purpose, which will ensure improved energy supply for vehicles. He also disclosed that CNG station owners in Sindh— including in Motorway, Nawabshah, Hala, Sukkur, and Hyderabad— as well as in other provinces, have approached them to set up EV charging stations, and several more agreements are expected soon. He expressed satisfaction over the National Electric Vehicle (NEV) Policy 30-2025 issued by the Government of Pakistan. He described the policy, presented by Haroon Akhtar Khan (Special Assistant to the Prime Minister on Industries & Production), as a historic and revolutionary step toward reforms in Pakistan's industrial, environmental, and energy sectors. Bakhsh said that the new Electric Vehicle Policy is fully aligned with Prime Minister Mian Shehbaz Sharif's vision, which aims to promote clean, sustainable, and affordable transport. Copyright Business Recorder, 2025
