On October 15, it was reported that Modern Ceramics Sanitary Ware (Pvt) Limited, a leading Chinese company, plans to invest over PKR 8 billion in Punjab's industrial sector. This significant investment was confirmed during a meeting between the company's delegation and key officials from the Punjab Board of Investment and Trade (PBIT) held at the PBIT headquarters.

The meeting, attended by PBIT Chairman Muntaha Ashraf, CEO Suhail Saleem, and Board Member Ahmad Ali Tariq, focused on finalizing the company's strategy to establish a modern manufacturing facility in the Allama Iqbal Industrial City (AIIC). The project aims to cater to the increasing domestic demand for sanitary ware while positioning Pakistan as a major exporter of high-quality sanitary products to international markets in the Middle East, Africa, and other regions.

This investment is expected to create over 500 jobs, providing a significant boost to the region's economic growth. It will also support import substitution by reducing Pakistan's dependence on imported sanitary products, saving valuable foreign exchange, and improving the country's trade balance.

PBIT Chairman Muntaha Ashraf assured the delegation of the board's full support, emphasizing the commitment to facilitating the smooth setup of the manufacturing unit through PBIT's dedicated facilitation wing. This initiative marks a crucial step in expanding Punjab's industrial base and enhancing Pakistan's competitiveness in global export markets.