Islamabad: According to press reports, Federal Minister for Planning and Development Asad Umar welcomed Chinese investors and industrialists to engage in Pakistan’s burgeoning textile industry on Wednesday (December 01). According to him, the government is taking initiatives to foster collaboration and create a win-win situation for both CPEC partners.

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He said that the import and export-oriented textile and textile-related sectors are appealing to Chinese investors operating under CPEC at an online conference co-hosted by the CPEC Authority and the China Chamber of Commerce. Khalid Mansoor, Special Assistant to the Prime Minister on CPEC Affairs, said the legal framework was being changed to make it easier for investors to launch and operate firms.

Read More: $5 billion investment for textile sector in pipeline

He went on to say that the prospects presented by CPEC are vast and that bilateral collaboration is required to fully exploit these opportunities and benefit both countries. Furthermore, the meeting was briefed on continuing work in several Special Economic Zones (SEZs) around the country to assist in industrialization. The meeting was organised by the CPEC authorities and the Chinese Embassy in Islamabad.

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