According to a study released on Tuesday by Gwadar Pro, Pak-China collaboration is crucial in Pakistan’s textile sector since all metal goods, as well as modern manufacturing machinery, are currently imported specifically 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 on Lahore’s border with Kasur.
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.
The industrial park will include cutting-edge fabric units, dyeing facilities, and garment manufacturing units for exporting Pakistani sportswear to the Americas, Europe, Asia-Pacific, and other parts of the world. Pakistan offers several advantages in the textile industry, such as abundant labour resources.
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