A major Chinese industrial group, Kirrich Corporation, has announced to invest $100 million in mining sector of Pakistan. The announcement wad made by Chief Executive Officer of SME Business Solutions Ltd Wali Ullah Khan following a ceremony, here on Friday.
He said that Kirrich Corporation would undertake mineral exploration activities mainly in Punjab province, which was rich in natural resources and minerals especially gypsum, iron ore, lime stone, silica, China clay, dolomite, coal, rock salt, chalk, and bauxite. The delegation from Kirrich Corporation, led by its Director Ma Qui Yun, also visited the office of SME Business Solutions and signed an MoU on behalf of the company. Motia Junejo, local director of the Chinese investors and CFO/Company Secretary of SME Raeel Fatima were also present on the occasion.
Under the agreement, SME Business Solutions will provide corporate and legal services to Kirrich Corporation in Pakistan. Speaking on the occasion, Ma Qui Yun said that Pakistan was the land of opportunities and Punjab region had mineral resources in abundance. He further said that only an affective mining was required to exploit these rich resources.
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