AIRLINK 75.25 Increased By ▲ 1.55 (2.1%)
BOP 4.89 Decreased By ▼ -0.01 (-0.2%)
CNERGY 4.44 Decreased By ▼ -0.08 (-1.77%)
DFML 43.40 Decreased By ▼ -1.48 (-3.3%)
DGKC 84.65 Decreased By ▼ -0.85 (-0.99%)
FCCL 21.24 Decreased By ▼ -0.16 (-0.75%)
FFBL 32.30 Decreased By ▼ -0.21 (-0.65%)
FFL 9.53 Decreased By ▼ -0.06 (-0.63%)
GGL 10.16 Decreased By ▼ -0.11 (-1.07%)
HASCOL 7.00 Decreased By ▼ -0.13 (-1.82%)
HBL 114.50 Decreased By ▼ -0.20 (-0.17%)
HUBC 139.29 Increased By ▲ 0.19 (0.14%)
HUMNL 12.17 Decreased By ▼ -0.25 (-2.01%)
KEL 4.95 Decreased By ▼ -0.08 (-1.59%)
KOSM 4.40 Decreased By ▼ -0.05 (-1.12%)
MLCF 37.25 Decreased By ▼ -0.35 (-0.93%)
OGDC 133.96 Decreased By ▼ -2.84 (-2.08%)
PAEL 25.25 Decreased By ▼ -0.14 (-0.55%)
PIBTL 6.64 Decreased By ▼ -0.05 (-0.75%)
PPL 119.30 Decreased By ▼ -1.70 (-1.4%)
PRL 26.38 Decreased By ▼ -0.21 (-0.79%)
PTC 13.79 Decreased By ▼ -0.31 (-2.2%)
SEARL 56.98 Decreased By ▼ -0.32 (-0.56%)
SNGP 66.94 Decreased By ▼ -1.06 (-1.56%)
SSGC 10.32 Decreased By ▼ -0.10 (-0.96%)
TELE 8.33 Decreased By ▼ -0.12 (-1.42%)
TPLP 10.88 Decreased By ▼ -0.10 (-0.91%)
TRG 62.90 Decreased By ▼ -0.44 (-0.69%)
UNITY 27.00 Decreased By ▼ -0.05 (-0.18%)
WTL 1.35 Decreased By ▼ -0.03 (-2.17%)
BR100 7,916 Decreased By -24.4 (-0.31%)
BR30 25,416 Decreased By -231.7 (-0.9%)
KSE100 75,326 Decreased By -191.4 (-0.25%)
KSE30 24,190 Decreased By -87.9 (-0.36%)

A Chinese delegation of National Textile and Apparel Council (CNTAC) called on Advisor to PM on Commerce, Textiles, Industries & Production and Investment Abdul Razak Dawood to deliberate upon bilateral trade and investment opportunities.
The CNTAC is the national federation of all textile-related industries, as it includes the textile industrial associations and other economic entities as registered members. The advisor underlined the significance of investment opportunities in textile sector for industrial development through mutual cooperation. He appreciated the role of Chinese companies in textile sector of Pakistan and urged the Chinese delegation to have more extended cooperation in the textile sector.
Head of CNTAC delegation appreciated the Pakistan's business friendly environment for better cooperation in industrial development, especially textile industry. He apprised the participant that China has already cooperated in manufacturing of polyester yarn in Pakistan and eyeing for extended mutual cooperation in finished/value added products of textile sector.
The visit of CNTAC aims to observe the existing business environment for future investment in industrial sector in Pakistan. The advisor emphasised to enhance know-how regarding Chinese technological advancement in textile sector and urged the delegation to cooperate in the development of textile sector to avail investment opportunities for developing better partnership. Members of the delegation showed interest in technology up-gradation in Pakistan by investing in textile research centres and stitching labs.
The advisor informed the delegation that-China Pakistan Economic Corridor (CPEC) has opened enormous investment and business opportunities in Pakistan. In the first phase of the project, investment was only attracted to power sector and infrastructure development. "Now we are entering the second phase of CPEC ie. industrial cooperation, which provides enormous opportunities for investment in textile and agriculture," he said.
Moreover, in the wake of China-Pakistan FTA Phase-II, bilateral cooperation between the two countries is widening by providing extended market access to Pakistani products in Chinese market which has increased industrial base of Pakistan, the advisor highlighted. The Chinese companies should invest in whole value chain of textile, from cotton to garment, for the development of sector and both countries should work for win-win position, he said.

Copyright Business Recorder, 2019

Comments

Comments are closed.