2 major Chinese firms establish textile plants in Pakistan with government incentives, aiming to revitalize local textile sector.

Two major Chinese firms, Rainbow Industries Limited and Shaoxing Chemical Industry, will establish textile plants in Pakistan, aided by the Special Investment Facilitation Council. This initiative aims to revitalize the local textile sector by producing affordable raw materials and injecting millions in investment. The Pakistani government is offering incentives to attract foreign investment, addressing challenges like high energy costs. This collaboration could significantly advance the industry.

September 17, 2024
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