SIFC Meets Tecno, Infinix Owner on New Investment in Pakistan

The Special Investment Facilitation Council (SIFC) held discussions with Transsion Holdings, the Chinese parent company of Tecno and Infinix, to explore expanding its business and attracting more Chinese investment to Pakistan. The SIFC met with Transsion Chairman George Zhu and TECNO Group CEO Aamir Allawala to discuss opportunities for business growth, new investments, and industrial partnerships within the country.

The council pledged to offer institutional support and facilitate both companies as they seek to expand their operations in Pakistan. However, no specific investment figures, new projects, or timelines were disclosed following the meeting.

This meeting comes in the wake of Transsion's recent discussions with Pakistan's Finance Minister, Muhammad Aurangzeb. On November 13, Zhu met with Aurangzeb in Islamabad, during which Transsion outlined its plans to establish local manufacturing of phone components in Pakistan, rather than solely focusing on assembly. During the meeting, Transsion provided a comprehensive overview of its operations in Pakistan, covering smartphone production, electric bike manufacturing, and energy storage solutions.

The company also explored the potential of Pakistan as a strategic manufacturing and export hub. Transsion has further diversified its ventures in Pakistan, partnering with easypaisa in September to integrate digital financial services into its smartphones.