ISLAMABAD – Pakistan has issued a licence to a Chinese liquor company HuiCoastal Brewery and Distillery Limited to manufacture liquor for the firsttime in the country.
According to media reports, the Chinese Liquor Company was registered inApril 2020 with the Securities and Exchange Commission of Pakistan (SECP)while the licence was issued by the Excise, Taxation and Anti-NarcoticsDepartment Balochistan.
The foreign company has been launched as a joint venture with Balochistanat the Lasbela Industrial Estate Development Authority.
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Hui Costal will be the first Chinese company to establish its plant inPakistan as they have vast experience in manufacturing liquor in East Asiancountry.
The reports further stated that the company, known for its world-famousbrands, will also introduce two brands in Pakistan.
