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Chinese companies invited to make investment in Pakistani textile sector

YarnsandFibers News Bureau 2017-02-23 10:00:00 – Beijing

Chinese companies are invited to take advantage of investment-friendly policies of present Pakistani government and come forward to make investment in its textile and garments sectors, said Pakistan Ambassador to China, Masood Khalid while addressing the representatives of about 76 Chinese companies at a road-show of Quaid-e-Azam Apparel Park (QAAP), Sheikhupura, held in Beijing, China.

The government is focusing for the development of textile and garments sectors in Pakistan as it is considered to be the backbone of Pakistan’s economy. Welcoming the Chinese businessmen and entrepreneurs, he said that their presence at tge road show not only reflects their confidence in the market potential in Pakistan but also shows friendship with Pakistan and its people.

Giving the details of the project, he said that it is aimed at development of textile and garment sector in Pakistan, adding, textile sector is one of main segments of Pakistan’s economy and Pakistan exports bulk of its textile products to China.

Masood Khalid said that the present government has launched various mega projects for the development of Pakistan, a home of more than 200 million people.

Pakistan and China, partners in the China-Pakistan Economic Corridor (CPEC), are executing a large number of projects including energy, roads network, infrastructure, Gwadar port and new industrial zones along its route.

The Ambassador apprised audience about Punjab government’s development projects and said these development projects included provision of clean drinking water, farms to city roads and a knowledge park in Lahore.

He urged the Chinese entrepreneurs to take advantage of enormous opportunities offered by the government as Pakistan particularly the Punjab province is emerging as a hub for economic activities. It is matter of taking interest and lead to explore the market potential of Pakistan.

About investment and working climate in Pakistan, there are more than 90,000 Chinese national already working on different development projects in Pakistan, adding, the government has taken special measures for their safety and security. While drawing the attention of Chinese companies toward the project said that the QAAP being established near Lahore is a big project which requires their attention.

They are looking for good contractors for executing this project aimed at making it a good quality project besides its implementation at par international standard. Pakistan’s government has offered special incentives for the investors including the Chinese friends and added, Pakistan has strategic location and is linked with two big neighbors – China and India while it provides easy access to Central Asia and Africa.

He said that cheap raw material along with hardworking work force and managerial teams are available besides profit margins are very good in Pakistan. They are working to modernize the development process and all the industries have been integrated.

The Ambassador said that all the important world financial institutions have expressed satisfaction over the performance of Pakistan economy and they termed it as strong and stable.

Project Director, Shahzad Sheikh who arrived in Beijing from Pakistan to organize the road-show, said that the main objective of the road-show is to invite the international contractors to participate in the infrastructure development of QAAP project is connected through a dedicated interchange on M2, with a network of national highways to create an uninterrupted link to all major cities, sea ports and dry ports of the country. It is ideally located on Lahore-Islamabad Motorway at the junction of Sheikhupura, QAAP.

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