Islamabad Pakistan: – A Chinese liquor Company is planning to set a brewery and alcohol plant in the country.
It will the first foreign company from China to establish an alcoholic beverage firm in the Islamic country of Pakistan, local media reported.
China’s Hui Coastal Brewery and Distillery Limited are making its entry in the Pakistani market for the first time, the company was registered with the country’s financial regulatory agency on April 30, 2020, Geo News reported.
Mohammad Zaman Khan, director-general, Excise and Taxation South told Dawn news, “the company formally started its beer production last week, which product will be supplied to Chinese nationals working at various projects launched in different areas of Pakistan under the China-Pakistan Economic Corridor and mines and mineral projects in Balochistan,”
“The application took over a year for approval and in 2018 the former Balochistan government agreed to issue a license to the Chinese company,” Zaman Khan added.
The firm’s license to operate was issued by the Balochistan Excise, Taxation and Anti-narcotics department, local media reported.
Hui Coastal Brewery launched a joint venture with Balochistan at the Lasbela Industrial Estate Development Authority, both companies plan to launch two famous brands in Pakistan for export, local media reported.
Alcoholic beverages are banned in Pakistan and are illegal to be consumed, the beverages are meant to be used by the non-Muslims population of the country, ANI reported.
Pakistan has reportedly promoted the ideology of “Jihad” in Afghanistan, the country is blamed to be one of the financial supporters of the terrorist activities according to FATF.
The nation still remains on the grey list of the Financial Action Task Force (FATF) a global money laundering and terrorist financing watchdog.