The Special Investment Facilitation Council (SIFC) is facilitating the establishment of textile parks in the provinces of Sindh and Punjab in Pakistan, as stated by China’s Ruyi Shandong Group. This program is a component of the China-Pakistan Economic Corridor (CPEC), which aims to improve the two countries’ economic ties.
A delegation from Ruyi Shandong Group and the Pakistan Board of Investment recently signed a memorandum of agreement. The group from China conveyed their trust in SIFC’s endeavors to expedite foreign investment in Pakistan.
Pakistan’s textile exports are predicted to increase by up to $5 billion as a result of the textile parks project, solidifying Pakistan’s standing as a major global textile hub. It is projected that about 100 significant Chinese textile companies will invest, raising exports from $2 billion to $5 billion.
