ISLAMABAD: Two of the world’s top companies are geared up to install solar panel plants in Pakistan, said Federal Minister for Science and Technology Fawad Chaudhry.
According to the minister’s announcement on Twitter, a major Chinese company will also be establishing a lithium battery plant in Pakistan.
“The good news is lost in the political spectrum, yet I am very happy that world’s two major companies are setting up solar panel manufacturing plants in Pakistan and another major Chinese battery maker will set up a lithium battery manufacturer in Pakistan. Buses that run on those batteries will also be made in Pakistan,” he tweeted.
The development is a major boost for the country after it was named as one of the biggest improvers in World Bank’s latest Ease of Doing Business Index 2020; Pakistan shot up to the 108th position, a 28-place jump from its 136th place on the list last year.
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