Pakistan Property Portal, Website
Pakistan Property Portal, Website Dark Mode Light Mode
Blogs News Event Area Guide Careers Register Agency Corporate Login

Seven Chinese Companies Ready to Relocate Industrial Units to Pakistan

Real Estate News
24 Jun 2019
Seven Chinese Companies Ready to Relocate Industrial Units to Pakistan

Seven Chinese Companies Ready to Relocate Industrial Units to Pakistan

Islamabad: Abdul Razak Dawood, the Adviser to Prime Minister (PM) on Commerce has confirmed that seven Chinese firms have expressed their willingness to happily relocate their industrial units to Pakistan during the second phase of industrialization under the China-Pakistan Economic Corridor (CPEC).

PM Adviser, Abdul Razak Dawood announced the details during a press conference with Chinese Ambassador to Pakistan, Yao Jing. He told the news sources that the manufacturing units of leather, as well as textile from China, will be relocating themselves to Faisalabad. Chinese company Long March International is going to set up a tire manufacturing unit and plant in Pakistan.

The PM Adviser emphasized that earlier Pakistan never paid proper attention to the Chinese industry resulting in loss of business to the Far East, Egypt and Ethiopia. This is the prime time to grab the opportunity for asking Chinese firms to relocate themselves in Pakistan.

Dawood further added that the government should prefer the Chinese companies to form a joint venture with other Pakistani companies. Pakistan is currently focused to shift and trade ‘Made in Pakistan’ products to increase the exports of the country.

Though it is recommended that the Chinese firms enter into a joint venture with other Pakistani firms but if they do not enter, the government of Pakistan will allow the firms to get 100% ownership. Through the relocation of Chinese industrial units, Pakistan would be able to create maximum job opportunities as well as enhancement of the skills of local people.

Through the relocation of Chinese industries to Pakistan in the second phase of industrialization under CPEC will provide immense help to increase the exports of the country. China wishes to make policies of Pakistan attractive enough so that new investors can enter Pakistan in the next phase of industrialization.

Get ilaan App
Get ilaan App

To Buy, Sell & Rent properties on your
finger tips.

Get ilaan App
Get ilaan App
premium property portal to buy,sell and rent

The best property website to buy and sell properties. ilaan.com is Pakistan’s most comprehensive property website, portal, finder focused on improving the visual property viewing experience of users to help them make better-informed decisions regarding capital investment in the real estate sector.

Grab a Coffee

Address
Head office26-A, J3 Block, Johar Town,
Lahore Pakistan
Timings Monday - Friday: 9 am - 6 pm
Saturday: 9 am - 2 pm
Sunday: We are closed.

Call Us

Phone

Get Updated

Subscribe

To get the latest news about ilaan.com subscribe our newsletter.

(required)
Subscribe
Get my Location