Chinese firms want to manufacture textile products in Pakistan, according to adviser to the Pakistani prime minister for commerce Abdul Razak Dawood, who said a free trade agreement has been signed with China and he would visit Beijing to meet the Chinese trade minister on July 15. He was addressing the media with Chinese ambassador Yao Jing in Islamabad.
Yao said China had opened 90 per cent of its market for Pakistani products. Chinese companies are relocating their supply chain and with one per cent relocation to Pakistan, the country can expect an investment of $600 million, Pakistani media reports quoted the ambassador as saying.Chinese firms want to manufacture textile products in Pakistan, according to adviser to the Pakistani prime minister for commerce Abdul Razak Dawood, who said a free trade agreement has been signed with China and he would visit Beijing to meet the Chinese trade minister on July 15. He was addressing the media with Chinese ambassador Yao Jing in Islamabad.#
Dawood had earlier said that from the nearly 400 investors who attended the Belt and Road Forum, many were ready to come to Pakistan. (DS)
ALCHEMPro News Desk – India
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