Chinese Textile Group Interested in Investing in Pakistan: Minister for Commerce
Key Ideas
  • Minister for Commerce, Jam Kamal Khan, announced a Chinese textile group's interest in establishing a textile factory in Pakistan during an official visit to Beijing.
  • The visit included meetings with top Chinese officials and business leaders, leading to the signing of MoUs related to solar panel manufacturing, agriculture park development, seed technology transfer, and green hydrogen energy development.
  • Both the Commerce Minister and Minister for Privatisation and Investment engaged with prominent Chinese companies, encouraging them to invest in Pakistan and highlighting the country's investment opportunities and facilitative policies.
Minister for Commerce, Jam Kamal Khan, revealed significant developments during his visit to Beijing as part of Prime Minister Shehbaz Sharif's official delegation. A notable Chinese textile group expressed interest in establishing a textile factory in Pakistan, showcasing the growing investment opportunities in the country's textile sector. The visit also witnessed the signing of various Memorandums of Understanding (MoUs) related to key sectors like solar panel manufacturing, agriculture park development, seed technology transfer, and green hydrogen energy. In addition, meetings were held with renowned Chinese companies, including Sinochem and Sinoma, where Pakistani officials highlighted the potential and policies for investment in Pakistan, encouraging Chinese businesses to consider the country for future investments. The collaborative efforts aim to strengthen trade relations between Pakistan and China, paving the way for enhanced economic cooperation and growth in various industries.
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