Despite efforts of the current government to provide all possible infrastructural facilities to the business community, particularly foreign investors, there still exist many loopholes especially in the power sector. These issues are forcing foreign investors to relocate their businesses to another country.
The Haier Ruba SEZ company is contemplating to move back to China due to the unavailability of the required facilities. The Chinese group had requested for a load extension for Haier Ruba Zone from 2 megawatts (MW) to 4.825MW. The request was approved in July 2012. Even after two years, the cable for supplying the required voltage has not been provided to the project by Lahore Electric Supply Company, which is hampering the working of Haier Ruba SEZ zone.
The Chinese management is now planning to move this project back to China, as Pakistani authorities are not addressing their issues.
Haier Ruba zone is a flagship project of the Pak-China joint ventures in the private sector, located at the outskirts of Lahore.
The zone is known for producing electric appliances.
