Categories: NewsTechnology

Korean Companies to set up a high-tech solar module fabrication business in Faisalabad

Two Korean Companies have agreed to set up a solar module fabrication business and a plant in Faisalabad.

A Memorandum of Understanding (MoU) was signed at the CEO Punjab Board of Investment and Trade (PBIT) Office Lahore on Monday. As per the agreement, CK Lab Co. Limited and CK Solar Co. Limited, two public sector Korean companies will develop a CK-Si-PV(tm) solar module fabrication business in Faisalabad. The Faisalabad Industrial Estate Management and Development Company has agreed to provide them land in the Faisalabad M-3 City.

Ms. Amena Cheema, CEO PBIT, and the Ex-Honorary Investment Counselor of Pakistan to Korea Sooba Khan were also present on the occasion.

Ms. Amena Cheema welcomed the delegate and briefed them about different investment opportunities present in Punjab. The delegate was also introduced to the representatives of Faisalabad Industrial Estate Management and Development Company.

The delegate of Korean investors, led by CEO of CK Lab Co. Ltd. Dr Choi Moon-Sok, consisted of CFO CK Lab Co. Ltd. Go Joomyeong and the Vice Chairman Head Office KEPCO Plant Service and Engineering Co. Ltd.

Dr Choi Moon-Sok addressed the ceremony and communicated felicitations on the part of the Korean delegate. He explained the project and thanked PBIT for its cooperation.

To quote The Wall Street Journal, Pakistan is a star pick for foreign investments. It has attracted pretty decent investments from the foreign public, as well as private sector enterprises. Recently, a Chinese firm agreed to develop a glass plant at Balochistan.

Sponsored
Muneeb Ahmad

I love to talk about global tech-happenings, startups, industry, education and economy. Get in touch: muneeb@techjuice.pk.

Leave a Comment
Share
Published by
Muneeb Ahmad

Recent Posts

250 Government Schools to Be Run by Private Sector

RAWALPINDI: The chairman of the Punjab Education Foundation, Malik Shoaib Awan, stated on Monday that…

4 mins ago

Pakistan Launches First National Sex Offenders Register to Combat Sexual Violence

Pakistan has taken a significant step towards addressing sexual violence and abuse with the introduction…

10 mins ago

SBP Chief Reports October Remittances Exceed $3 Billion

KARACHI: The State Bank of Pakistan (SBP) is anticipating $500 million from the Asian Development…

20 mins ago

Sindh Assembly Reveals 28,500 Govt Employees’ Spouses as Illegal BISP Beneficiaries

The Sindh Assembly was informed that over 28,500 employees of the provincial government were unlawfully…

1 hour ago

SBP Eases Policy Rate by 2.5% as Inflation Shows Steady Decline

The Monetary Policy Committee (MPC) of the State Bank of Pakistan decided to cut the…

2 hours ago

SECP to Host Pakistan Startup Summit in Karachi Next Week

The Securities and Exchange Commission of Pakistan (SECP) is organizing the Pakistan Startup Summit, which…

2 hours ago