Chinese firm to invest up to $600 million in Pakistan

The Mint PK

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Chinese firm to invest up to $600 million in Pakistan

Timesaco Pakistan

Timesaco, a Chinese firm is planning to provide key logistics services in Pakistan by initially investing $20 million with intentions of taking future investments up to $600 million.

As per Donald Li, the COO of the company, Timesaco plans to launch a taxi service, orders delivery, heavy cargo delivery, Vehicle Advertisement and moving automated teller machines (ATM) services.

Company plans to initially launch these services in Rawalpindi and Islamabad along with Karachi, Lahore and Peshawar.

Timesaco has already started its initial operations from Islamabad which were launched recently. As per the COO, people can register their cars, bikes, rickshaws, Qingqi loaders, pickups and trucks with the company and get earnings in various ways.

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