The Commerce Minister of Pakistan, Dr. Gohar Ejaz, shared some important news on Thursday. He mentioned that the big Chinese company called BYD Company Limited is thinking about investing money in Pakistan.
Dr. Gohar Ejaz had a good meeting with BYD. BYD is a top company in the world that makes electric vehicles, which are cars that run on electricity instead of gasoline. In a message on a social media site called X (formerly Twitter), he told everyone about the meeting. He said that BYD is looking at the chance to invest in Pakistan. He also let them know about the policies of the Pakistani government and something called #SIFC. He promised full support for any new projects that BYD might start in Pakistan.
Let’s talk a bit more about BYD. It’s a big company in China, and it makes many different things. The company is listed on the stock market, which means people can buy and sell shares of the company. BYD has two main parts: BYD Auto, which makes cars, and BYD Electronic, which deals with electronics.
BYD is in competition with Tesla, a famous electric car company led by Elon Musk, to be the number one in making electric vehicles around the world. Interestingly, a rich businessman from America, Warren Buffet, owns 3 percent of BYD’s shares.
What makes BYD special is that it doesn’t only make electric cars. It also makes parts for phones and devices that capture sunlight and turn it into energy. Some of the big companies that buy things from BYD include Dell, Apple, Xiaomi, and Huawei.
This news about BYD thinking of investing in Pakistan is exciting. It could bring new opportunities and help both countries. People are looking forward to seeing what happens next!