According to a study issued on Tuesday by Gwadar Pro, Pak-China collaboration is crucial in the growth of Pakistan’s textile sector because all metal products as well as modern manufacturing machinery are currently imported from China. “First and foremost, the connection between the Chinese and Pakistani governments is excellent, as is the friendship between the two peoples. We feel more at ease investing in Pakistan,” said Karen Chen, management director of Challenge Fashion, a Chinese firm spending $150 million in an industrial park.
The project is made as a foreign direct investment (FDI) in an export industry in Pakistan by the Shanghai-based Challenge, which has already been operating as Challenge Apparel since 2017 with its garment manufacturing unit on Multan Road near Lahore bringing in nearly $44 million in export revenue during the previous fiscal year.
