cpecnews news صفحۂ اول

Razak urges Chinese companies for cooperation in textile sector

  • July 3, 2019
Razak urges Chinese companies for cooperation in textile sector
Image caption Razak urges Chinese companies for cooperation in textile sector

ISLAMABAD: The Adviser to Prime Minister on Commerce, Textiles, Industries and investment, Abdul Razak Dawood on Tuesday underlined the significance of investment opportunities for Chinese investors in textile sector for industrial cooperation and growth.

Razak 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, said a press release issued by Ministry of Finance here.

A Chinese delegation of National Textile and Apparel Council (CNTAC) was called on Abdul Razak Dawood to deliberate upon bilateral trade and investment opportunities.

CNTAC is the National Federation of all textile-related industries, as it includes the textile industrial associations and the other economic entities as the registered members.

Members of the delegation showed interest in technology up gradation in Pakistan by investing in Textile Research Centers and Stitching Labs.

Adviser to PM emphasized 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.

He appraised 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, he added.

Now “we are entering into second phase of CPEC, as industrial cooperation, which provides enormous opportunities for investment in textile and agriculture. Moreover, in the wake of China-Pakistan Free Trade Agreement (FTA) Phase-II bilateral cooperation between two countries is widening by providing extended market access to Pakistani product in Chinese market which has increased industrial base of Pakistan, adviser highlighted.

Razak said 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 apprised the participant that China has already cooperated in manufacturing of polyester yarn in Pakistan and eying for extended mutual cooperation in finished/value added products of textile sector.

Head of CNTAC delegation appreciated the Pakistan’s business friendly environment for better cooperation in industrial development, especially textile industry.


Cabinet committee meeting on CPEC decided to prese nt the CPEC Authority's draft act before the federal cabinet for approval.
Prime Minister Khan Closely Monitors Progress on Development of SEZs
CPEC and Scientific Collaboration, COMSATS Hosts Guangzhou University Delegation
China: Attractive Market for Pakistani Kinnow Export, Secretary-General BMP
CPEC's Regional Connectivity Plan via Railway Proposed
1320 MW HUBCO Power Plant under CPEC Successfully Begins Commercial Operation
Multan-Sukkur Motorway to Urbanize Under-Developed Regions
Custom Collects China's Recent Present to Pakistan: Three Cargo Scanners
Package of Growth, Hope and Development Underlined for Balochistan under CPEC in NDC Meeting
NDC to Approve Gwadar Master Plan in its First Session
China earmarks $1 billion grant for various socio-economic projects in Pakistan
Three motorway projects completed under CPEC to open for general public by the end of August
Koreans willing to invest in CPEC
Pakistan and China share an identical world view: Gen Zubair
Pakistani Women to Rejuvenate Chinese Handicraft Industry
Pakistan to learn from the Chinese experience, ensures full support to investors: Chairman BOI
Pakistan and China to cooperate within the taxation domain
Government green signals the $8.2 billion ML-1 project
CPEC authority to get a full shape prior to JCC meeting
CPEC to boost economic growth in Balochistan
Phase II of CPEC to be a catalyst for industrial and agricultural development
Chinese firm Timesaco vows to overhaul the service sector in Pakistan by investing 20 million USD
China keen to enhance cooperation and connectivity through CPEC
Chinese Delegation receives flowers from the students of SBK Womens University Quetta
CPEC will reinvigorate Pakistan's economic conditions: Cheng Xizhong
Formation of CPEC authority is a proof of Pakistan's trust in CPEC
Transportation infrastructure overhauled after the completion of Sukkur-Multan Motorway
Speaker National Assembly Asad Qaiser terms China Pakistan relations a symbiosis Speaker National Assembly Asad Qaiser terms China Pakistan relations a symbiosis
CPEC to initiate an era of success for Balochistan
Quetta Declaration unanimously adopted by all major Balochistan political parties and civil society