Govt to support relocation of Chinese industries to Pakistan

The PM has approved the joint venture between Chinese and Pakistani companies where the Chinese industries will be facilitated in their move from China to Pakistan.

The Prime Minister emphasized that promoting both domestic and foreign investment in Pakistan is the government’s top priority. To achieve this, the government is committed to creating a business-friendly environment for traders and investors.

He instructed officials to prepare a detailed report on the progress of the Memorandums of Understanding (MoUs) signed between Pakistani and Chinese companies during his visit to Shenzhen, China.

The Prime Minister also called for a revision of the Special Economic Zones One Stop Shop Law to reflect the developments that have occurred since his visit to China.

Highlighting the potential for industrial growth, the Prime Minister noted that Pakistan could greatly benefit from the relocation of China’s textile, leather, footwear, and other industries.

During a briefing, the Board of Investment (BoI) Secretary reported that efforts are already underway to facilitate the relocation of Chinese industries to Pakistan.