Pakistan's Textile Sector: Lucrative Opportunities for Chinese Investments
Pakistan's textile sector is emerging as a key focus for investment, with Ambassador Khalil Hashmi emphasizing the sector's importance during the Pakistan-China B2B Investment Meeting on Textiles in Suzhou, China. Organized by the Pakistani Embassy in China, the Pakistani Consulate General in Shanghai, and the Board of Investment (BOI), this meeting aimed to foster partnerships between Pakistani and Chinese textile companies. The event highlighted the Textile One Window Network (TOWN) Office under the Belt and Road Initiative (BRI), aiming to streamline and enhance business relations.
P.c. China Pakistan Economic Corridor
During the event, 11 leading Pakistani textile companies engaged with 37 major Chinese enterprises, discussing potential collaborations. Ambassador Hashmi pointed out the strategic advantages of investing in Pakistan, stressing the country’s long-standing expertise, global market access, and the vertically integrated supply chain. He emphasized that Pakistan offers preferential access under agreements such as the China-Pakistan Free Trade Agreement (CPFTA), the EU’s GSP+ scheme, and the UK's Developing Countries Trading Scheme (DCTS), providing access to some of the world’s largest and most lucrative markets.
Secretary Rahim Hayat Qureshi of the BOI outlined the country’s robust investment policies, offering a range of incentives, including tax benefits, regulatory streamlining, and support for infrastructure within Special Economic Zones (SEZs). This event forms part of a broader initiative by Pakistan’s Prime Minister to strengthen industrial sectors and deepen economic ties with China.