Pakistan invites Chinese investment in textile industry during the B2B Investment meeting on Textiles held in Suzhou.
Khalil Hashmi, the Pakistani Ambassador to China, warmly welcomed the Chinese investments in Pakistan’s textile sector during the Pakistan-China B2B Investment Meeting on Textiles in Suzhou on December 4.
The event, hosted by the Pakistani Embassy in China, the Consulate General in Shanghai, and the Board of Investment (BOI), was held in Suzhou, a key center of China’s textile industry. Its primary goal was to foster joint ventures, trade, and investment partnerships between leading textile and apparel enterprises from both countries. Additionally, a Textile One Window Network (TOWN) Office was inaugurated under the Belt and Road Initiative (BRI).
At the meeting, eleven major Pakistani companies engaged with 37 prominent Chinese companies to discuss potential proposals and explore future collaboration opportunities. Ambassador Hashmi emphasized the strategic advantages of investing in Pakistan’s textile sector, highlighting it as a critical pillar of the nation’s economy. He pointed out that Pakistan provides global market access, extensive expertise, and a vertically integrated supply chain. He also mentioned the country’s preferential trade agreements, such as the China-Pakistan Free Trade Agreement (CPFTA), the European Union’s GSP+ scheme, and the UK’s Developing Countries Trading Scheme (DCTS), making it an attractive investment destination.
Rahim Hayat Qureshi, Secretary of the Board of Investment, presented a detailed overview of Pakistan’s investment policies and facilitation mechanisms for the textile sector. He elaborated on various incentives, including simplified regulatory processes, tax benefits, and infrastructure support available in Special Economic Zones (SEZs).
This event was part of a broader initiative led by the Pakistani Prime Minister to strengthen the industrial base of Pakistan and deepen economic ties with China.
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