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Home China

Chinese Pakistani enterprises sign agreements worth USD 40 million at TEXPO Karachi

News Desk by News Desk
October 25, 2024
in China, Pakistan
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Chinese Pakistani enterprises sign agreements worth USD 40 million at TEXPO Karachi
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Chinese Pakistani enterprises sign agreements worth USD 40 million at TEXPO Karachi to promote leather and textile industries in Pakistan.
On Thursday, Hunan Dongxin Textiles Ltd., a Chinese company, and Keywin Trading Ltd., a Pakistani firm, signed a memorandum of understanding and agreements valued at USD 40 million to collaborate in the textile sector at Texpo Karachi, Pakistan.

The fifth International Textile and Leather Exhibition, held from March 23 to 25 at the Expo Center in Karachi, was organized by the Trade Development Authority of Pakistan (TDAP) to promote the country’s textile and leather industries.

Sajjad Mazahir, General Manager of China Operations for Keywin Trading Ltd., informed that the Chinese firm has partnered with its Pakistani textile suppliers, finalizing MOUs worth USD 40 million for a duration of one year. Consequently, the agreements were signed by Wang Jun from Hunan Dongxin and Sajjad Mazahir from Keywin Trading Ltd., along with representatives from Mahmood Textile Mills Ltd. and Gadoon Textile Mills Ltd.

Moreover, Mazahir noted that around 250 companies are showcasing their new collections, representing the diversity of Pakistan’s textile industry, including denim, home textiles, knitwear, and leather.

Following the signing ceremony, Wang expressed gratitude to the Pakistan Embassy and TDAP for facilitating visits this year and commended this year’s exhibitors, particularly those in Hall 3 and Hall 4.

Lastly, it is worth mentioning that over 600 foreign guests were welcomed with traditional Pakistani hospitality at the venue, including around 30 Chinese visitors from various sectors who attended the expo.

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