Foreign investment in Punjab: Chinese buying stake in Masood Textile
Masood Textile Mills is among the top exporters of cotton yarn and apparel of the country.
LAHORE:
Efforts of Punjab Chief Minister Shahbaz Sharif and the Punjab government with regard to promotion of foreign investment in the province have started yielding results. Chinese investment institution Shandong Ruyi Technology Group Company Limited has announced that it will purchase 52% controlling shares of Masood Textile Mills Limited in Pakistan. Masood Textile Mills is among the top exporters of cotton yarn and apparel of the country having leading global brands among its buyers. Punjab Board of Investment and Trade and Pak-China Bureau have played an important role with regard to investment and sale and purchase of shares between both the companies.
Published in The Express Tribune, December 9th, 2013.
Efforts of Punjab Chief Minister Shahbaz Sharif and the Punjab government with regard to promotion of foreign investment in the province have started yielding results. Chinese investment institution Shandong Ruyi Technology Group Company Limited has announced that it will purchase 52% controlling shares of Masood Textile Mills Limited in Pakistan. Masood Textile Mills is among the top exporters of cotton yarn and apparel of the country having leading global brands among its buyers. Punjab Board of Investment and Trade and Pak-China Bureau have played an important role with regard to investment and sale and purchase of shares between both the companies.
Published in The Express Tribune, December 9th, 2013.