World’s major companies to install solar panel, lithium battery plants in Pakistan

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.

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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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Maham Tahir

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