After pre-feasibility studies gave thumbs-up to develop and industrial zone in Pakistan, China is said to contemplating over shifting part of its $300 billion textile industry to Pakistan, in near future. Sources point out the Industrial and Commercial Bank of China Limited, ICBC and Pakistani Habib Bank have already carried out studies to establish an industrial zone in Pakistan.
The study, carried out in areas like Gwadar, Pind Daden Khan and Bahawalpur in Pakistan, explored suitable places to develop an industrial zone spread across 5,000 acres. An official delegate from Pakistan, who recently visited China found out that the country is keen to establish factories in steel, cement and textiles sectors.
However, Chinese players have concerns over safety and compliance issues as well as other issues like availability of power and wanted to know how the Pakistani government will tackle such them to safeguard Chinese business in prevailing law and order situation in Pakistan.
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