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Business & Finance Print edition: 2023-07-13

Servis Long March announces expansion plans

Published July 13, 2023 Updated July 13, 2023 04:50am
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KARACHI: A delegation of Servis Long March Tyres led by Li Qinqwen and CEO Omar Saeed called on Prime Minister Shehbaz Sharif at the PM office recently. Servis Long March plans to increase its investment in the Pakistan JV company to $200m.

The company plans to move towards $100m annual exports and become the largest engineering goods exporter from Pakistan.

PM thanked the Chinese investors for their confidence in Pakistan, and assured them of complete support from all departments. The meeting was attended by SAPM Tariq Pasha, Secretary Commerce, Secretary Investment and Secretary Industries.

Copyright Business Recorder, 2023

Shehbaz Sharif Omar Saeed

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