Strengthening Textile Ties: Pakistan's Engaging Encounter with China's Textile Industry
The CPEC Authority recently hosted a dynamic gathering with key players from China's textile industry. The event saw participation from Pakistan's Minister for Planning, Development & Special Initiatives, Mr. Asad Umar, Special Assistant to the Prime Minister on CPEC Affairs, Mr. Khalid Mansoor, and prominent textile investors in Pakistan. In a show of international collaboration, both the Chinese Embassy in Islamabad and Pakistan's Embassy in Beijing also joined the session.
Minister Asad Umar emphasized the purpose of this event, which was to spotlight Pakistan's significant advantages in the textile sector to Chinese investors. He expressed Pakistan's desire for mutually beneficial cooperation with Chinese investors and underscored the importance of these meetings in providing investors with in-depth insights into textile sector investment opportunities.
Mr. Khalid Mansoor, the Special Assistant to the Prime Minister on CPEC, briefed attendees on the government's efforts to facilitate investors. He highlighted ongoing improvements to the legal framework to simplify the initiation and operation of businesses. He also stressed the immense potential of industrial cooperation within the CPEC framework.
Chinese entrepreneurs and investors were treated to an insightful presentation on Pakistan's textile sector. This comprehensive overview covered various comparative advantages, including transportation, labor, utilities, and associated costs in the region. The presentation also underscored Pakistan's favorable market access in foreign markets and delved into the facilities and incentives available to investors in CPEC Special Economic Zones (SEZs).
The Chairman of the Chinese Chamber expressed his appreciation for the informative online exchange and indicated that investor visits would be organized once travel restrictions were lifted. The session saw active participation from representatives of prominent Chinese textile companies.
Additionally, various other participants contributed to the event by highlighting different facets of Pakistan's textile sector, adding to the richness of the discussion.