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Pakistan: HSS Group, XCMG To Invest US$2 Billion In PM’s 5 Million Housing Project

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LAHORE MIRROR REPORT–  HSS Group has expressed its commitment to allocate US$2 billion in partnership with China’s Xuzhou Construction Machinery Group Co Ltd (XCMG) to build five million homes, a national project approved by prime minister Imran Khan.

The commitment was expressed by a delegation headed by XCMG General Manager Dr Hanson Liu and HSS Facility Management Chairman Syed Saman Hashemi, which called on Prime Minister Imran Khan here.

Advisor to the Prime Minister on Commerce Abdul Razak Dawood and Special Assistant to PM Syed Zulfiqar Abbas Bukhari were also present during the meeting.

HSS Group is a global partner of XCMG and other major Chinese companies. XCMG is China’s nimber one leading total solution provider for global construction industry equipment and machinery.

XCMG also expressed its willingness to set up a heavy equipment manufacturing plant/assembly-line in Pakistan.

The prime minister was apprised that XCMG with its expertise of constructing high-rise buildings and housing units wanted to partner in prime minister’s five million housing program.

The prime minister welcomed HSS and XCMG’s commitment and interest in housing and manufacturing sectors.

He highlighted the steps taken by the government to provide maximum facilitation to investors, reduction in cost of doing business and improving ease of doing business.

The prime minister said providing conducive and business friendly environment to investors was top priority of the government.

He emphasized that the construction of five million housing units was a flagship program of the government which would open up new opportunities for the allied industries and provide employment to the youth of country.

SOURCE: ASSOCIATED PRESS OF PAKISTAN