Beijing (TDI): The Embassy of Pakistan in Beijing and the Consulate-General in Shanghai, in collaboration with the Board of Investment (BOI), successfully hosted the fourth sector-specific B2B matchmaking event in Suzhou, Jiangsu Province, a renowned center for China’s textile industry.
The event aimed at fostering trade and investment partnerships between top Pakistani and Chinese textile and apparel enterprises.
It featured an opening session, individual B2B meetings, networking opportunities, and a closing session.
Eleven prominent Pakistani companies, including Matrix Sourcing, Naveena Exports, Saritow Spinning Mills Ltd., Shams Textile Mills Ltd., Crescent Bahuman Ltd., Fazal Cloth Mills Ltd., Kohinoor Mills Ltd., Magna Group, Mahmood Group, Nishat, and Servis Long March, engaged with 37 major Chinese enterprises such as SUMEC Textile Co. Ltd., JD United, Anhui Huamao Textile Co. Ltd., and Jiangsu Linafa Textile Co. Ltd., among others.
In his remarks, Pakistan’s Ambassador to China, Khalil Hashmi, highlighted the strategic advantages of investing in Pakistan’s textile sector.
He emphasized the country’s global market access, long-standing expertise, and vertically integrated supply chain, along with the preferential access provided by agreements such as the China-Pakistan Free Trade Agreement (CPFTA), the European Union’s (U) GSP+ scheme, and the United Kingdom’s Developing Countries Trading Scheme (DCTS).
“Investing in Pakistan opens doors to some of the world’s largest and most lucrative markets,” he said.
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Ambassador Hashmi also expressed gratitude to the Board of Investment, the Consulate-General of Pakistan in Shanghai, and all participating companies for their efforts in ensuring the event’s success.
Investment Opportunities in Pakistan
He encouraged businesses to take full advantage of the opportunities available and foster mutually beneficial partnerships.
Secretary of the Board of Investment, Rahim Hayat Qureshi, delivered a detailed presentation on Pakistan’s robust investment policies and incentives for the textile sector.
He discussed various benefits such as streamlined regulatory processes, tax breaks, and infrastructure support within Special Economic Zones (SEZs), emphasizing Pakistan’s adaptability to global textile trends.
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The event also featured a success story presented by Omer Saeed of Servis Long March and his Chinese joint venture partner, which highlighted the substantial economic benefits of Pakistan-China collaborations.
This served as an inspiration for participants to explore deeper partnerships.
The matchmaking initiative, part of a series of sector-specific events directed by the Prime Minister, is designed to strengthen Pakistan’s industrial base and enhance economic ties with China, underscoring the government’s commitment to advancing the Pakistan-China All-Weather Strategic Cooperative Partnership.
