BEIJING, Dec 5 (Alliance News): Pakistan is actively encouraging Chinese investments in its textile industry, stated Khalil Hashmi, Pakistan’s Ambassador to China, during the Pakistan-China B2B Investment Meeting on Textiles in Suzhou, a major center for China’s textile sector.
Organized by the Pakistani Embassy in China, the Consulate General in Shanghai, and the Board of Investment (BOI), the event aimed to foster partnerships between leading textile enterprises from both nations.
The meeting also marked the launch of the Textile One Window Network (TOWN) Office, a part of the Belt and Road Initiative (BRI).
Eleven Pakistani companies engaged 37 major Chinese firms during the event to discuss joint ventures and future collaborations, according to China Economic Net (CEN).
Ambassador Hashmi highlighted the strategic benefits of investing in Pakistan’s textile sector, calling it a vital part of the national economy.
“Pakistan offers global market access, extensive expertise, and a vertically integrated supply chain,” he said. “Under the China-Pakistan Free Trade Agreement (CPFTA), the EU’s GSP+ scheme, and the UK’s DCTS, investing in Pakistan unlocks opportunities in some of the world’s biggest markets.”
Rahim Hayat Qureshi, Secretary of the BOI, outlined Pakistan’s investment-friendly policies, including tax benefits and streamlined processes, supported by infrastructure within Special Economic Zones (SEZs).
The event is part of a broader push by the Pakistani Prime Minister to bolster industrial growth and deepen economic relations with China.
