BEIJING – General Manager of Zhengbang Agriculture Pakistan Private Limited, Zhang Shilu has planned to invest Rs700 million to establish an agrichemical plant at Allama Iqbal Special Economic Zone, Faisalabad.
Under the second phase of the China Pakistan Economic Corridor, the friendly business environment, and huge market potential in Pakistan, Zhangbang began to prepare for the agrichemical plant project in October 2020, which was approved by the Board of Investment of Pakistan in March 2021.
“The fertilizers will help alleviate chronic problems of hardening and saline-alkali soils in Pakistan,” said Zhang Shilu. To achieve long-term operations of the plant, ZHENGBANG will also establish an R&D team in collaboration with Pakistani agricultural institutes and universities, and recruit Pakistani talents with a Ph.D. in China to provide customized crop solutions to better combat diseases, pests, and weeds in Pakistan.
Starting its business in Lahore in January 2020, ZHENGBANG has been dedicated to importing and selling pesticides and fertilizers in Punjab, Pakistan.