Chinese firm intends to establish modern garment factory in Pakistan
Chinese Ambassador to Pakistan Yao Jing insists this investment will create thousands of jobs in Pakistan
Representational image. PHOTO: REUTERS
ISLAMABAD:
The ease of doing business, pro-investment initiatives and restructuring of the taxation system would greatly help promote investment and exports from Pakistan, said Adviser to the Prime Minister on Commerce, Textile, Industries, Production and Investment Abdul Razak Dawood.
In a meeting with Chinese Ambassador to Pakistan Yao Jing, he stressed that the current government was focusing on boosting exports and investments in the country.
“The government is facilitating investors through various reforms and as a result, several multinational companies have started entering Pakistan in different sectors of the economy,” he pointed out.
Yao assured the PM adviser that China would continue to remain a strong partner in Pakistan’s development.
Saying that China had a vibrant and active private sector, he stressed it was yet another potential area for cooperation with Pakistan.
The ambassador revealed that Chinese private textile company Challenge Apparels Limited intended to expand its investment and establish a state-of-the-art garment manufacturing facility in Lahore.
“This will enhance Pakistan’s exports and help generate thousands of new jobs in the country over the next couple of years,” he said.
Challenge Apparels is among leading exporters to top brands around the world, especially in developed countries.
Dawood welcomed the company and assured it of full support and cooperation from the government.
Published in The Express Tribune, March 29th, 2019.
The ease of doing business, pro-investment initiatives and restructuring of the taxation system would greatly help promote investment and exports from Pakistan, said Adviser to the Prime Minister on Commerce, Textile, Industries, Production and Investment Abdul Razak Dawood.
In a meeting with Chinese Ambassador to Pakistan Yao Jing, he stressed that the current government was focusing on boosting exports and investments in the country.
“The government is facilitating investors through various reforms and as a result, several multinational companies have started entering Pakistan in different sectors of the economy,” he pointed out.
Yao assured the PM adviser that China would continue to remain a strong partner in Pakistan’s development.
Saying that China had a vibrant and active private sector, he stressed it was yet another potential area for cooperation with Pakistan.
The ambassador revealed that Chinese private textile company Challenge Apparels Limited intended to expand its investment and establish a state-of-the-art garment manufacturing facility in Lahore.
“This will enhance Pakistan’s exports and help generate thousands of new jobs in the country over the next couple of years,” he said.
Challenge Apparels is among leading exporters to top brands around the world, especially in developed countries.
Dawood welcomed the company and assured it of full support and cooperation from the government.
Published in The Express Tribune, March 29th, 2019.