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Pakistan calls for Chinese investments in apparel park

Pakistan wants Chinese companies to set up units at the Quaid-e-Azam apparel park. The zone is spread over 1,500 acres. Pakistan’s embassy in China hosted a roadshow, which was attended by representatives of 76 Chinese companies. Chinese entrepreneurs are being urged to explore the untapped commercial and business potential of Pakistan due to the availability of cheap raw materials and manpower.

The park is especially designed for exports of apparels from Pakistan. Around 1,000 acres of land are allotted to industrial plots of ten acres each. Each unit can employ up to 3,000 workers. The remaining land area will be for amenities and various services.

The industrial park would generate approximately annual exports of three to four billion dollars. It’s expected that the park’s ideal location and availability of all necessary amenities would lead to the success of this project and that the garments produced at the park would be exported the world over, adding billions to the country’s GDP.

Pakistan’s exports slid 3.82 per cent in the first half of the current fiscal year 2016-17. Currently textile exports account for more than half of the total exports from the country. Around 19,000 Chinese nationals are working in Pakistan on different projects.