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Chinese investors eye Pakistan textile sector

Chinese investors expressed their deep desire to enter into joint ventures with Pakistan for importing high quality fabric that would help them improve bilateral trade and economic relations between the two countries. A Chinese delegation from China National Textile & Apparel Council (CNTAC) visited Punjab Board of Investment and Trade (PBIT). The objective was their keen interest in developing business in Pakistan specifically in the textile sector for changing the economic landscape of the country.

They showed immense interest in investing in Pakistan as it is amongst the largest cotton producers in the world and their high quality fabric can be exported to China thus enhancing the productivity and boosting trade relations between the two countries. They requested that Chinese investors should be provided with specific promotion incentives to deepen trade relations. They invited PBIT and potential investors from Punjab for showcasing their products in the biggest textile expos conducted in Shanghai.

Burana, CEO, PBIT told them that Minister for Industries, Commerce and Investment, Punjab is interested in visiting China with delegates from the textile sector for further economic cooperation. He proposed that a joint working group should be constituted between PBIT and CNTAC to explore possibilities of promotion & cooperation between Punjab and China specifically in textiles.

 

 
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