Finance Minister Muhammad Aurangzeb discusses greater localisation, component manufacturing and export opportunities with Transsion Holdings Chairman George Zhu.
ISLAMABAD: Chinese technology conglomerate Transsion Holdings has expressed interest in expanding its investment and manufacturing operations in Pakistan, with discussions focusing on local production, component manufacturing and strengthening the country’s export potential.
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with Transsion Holdings Founder and Chairman George Zhu and his delegation to discuss the company’s existing operations and future business expansion plans.
The finance minister welcomed Transsion’s continued investment in Pakistan and acknowledged its contribution to the country’s manufacturing sector.
During the meeting, the company briefed the minister on its operations in Pakistan, including its presence in the smartphone, electric bike and energy storage segments.
Discussions focused on increasing local manufacturing, deepening localisation and developing supporting industries and domestic supply chains.
Transsion also highlighted opportunities to move beyond smartphone assembly towards greater value addition and component manufacturing, which could create business opportunities for local suppliers and attract additional investment.
Aurangzeb said sustained macroeconomic stability was providing a foundation for investor confidence and long-term business planning. He reaffirmed the government’s commitment to economic reforms, export-oriented growth and stronger integration into global supply chains.
The meeting also explored the potential to position Pakistan as a regional manufacturing and export hub by leveraging its domestic consumer market, geographical location and manufacturing capacity.
The finance minister encouraged continued engagement between Transsion Holdings and relevant government institutions to identify further investment opportunities and facilitate business expansion.
Both sides expressed interest in strengthening cooperation and developing Pakistan’s potential as an export base for international markets.
The Transsion delegation included Pakistan Head Joe Hu, Board Member Arif Chowdhry, Head of Manufacturing Zakkary Zhou, Manufacturing Centre General Manager Eason Zhou, and senior Tecno executives Aamir Allawala, Asif Allawala and Abdullah Allawala.