PM Shehbaz Launches Chinese Textile Economic Zone with $400M Export Target
Prime Minister Shehbaz Sharif has inaugurated a new Chinese Textile Economic Zone in Pakistan, a landmark industrial initiative aimed at boosting exports, creating jobs, and strengthening Pakistan-China economic ties under the China-Pakistan Economic Corridor (CPEC) framework.
$100 Million Investment & $400 Million Export Goal
The Economic Zone will be developed by Challenge Fashion Private Limited, a leading Chinese garments group that has already invested $17 million in Pakistan since 2014. Over the next five years, the company will invest $100 million, with projected export revenues of $400 million.
This large-scale project is expected to not only generate foreign exchange but also transfer advanced textile technology to Pakistan, fostering skill development and modern manufacturing practices.
Technology Transfer & Industrial Growth
During the groundbreaking ceremony, PM Shehbaz emphasized the importance of technology transfer, sustainable industrial growth, and job creation. He directed relevant authorities to provide full facilitation to the Challenge Group to ensure the timely completion of the Economic Zone.
The prime minister also reiterated his government’s commitment to industrial expansion under CPEC, leveraging China’s expertise in the textile sector to modernize Pakistan’s industry.
Strengthening Pakistan-China Economic Ties
Highlighting the time-tested friendship between Pakistan and China, PM Shehbaz expressed confidence that this initiative would open doors for more Chinese industries to invest in Pakistan. He also announced plans for a China-Pakistan Business-to-Business Conference in China to promote collaboration between private sectors of both countries.
Company’s Commitment to Pakistan
Chairman Huwang Weiguo of Challenge Fashion Private Limited thanked the prime minister for Pakistan’s hospitality and business support. He reaffirmed the company’s plan to establish a modern textile industry in Pakistan that meets global export standards.
Economic Impact
Once operational, the Chinese Textile Economic Zone is expected to:
Boost Pakistan’s textile exports by $400 million annually
Create thousands of jobs in manufacturing and support services
Promote industrial sustainability through eco-friendly production methods
Strengthen Pakistan’s position in global textile markets
Read More Here:
China K Visa 2025 – New Opportunities for Pakistani Graduates & Researchers
Omani Scholarship 2025 for Pakistani Students – Fully Funded Undergraduate Programs
Punjab New Scholarships Announced by Maryam Nawaz in Honhaar Program
