Home / Knowledge / News / Textiles / Chinese Bank assures investment in Pak textile sector
Chinese Bank assures investment in Pak textile sector
Mar '15
The Industrial and Commercial Bank of China has assured of investing in the textile and energy sectors to chief minister of Punjab Shahbaz Sharif, who is on a visit to China.

The assurance to the chief minister was given by the chairman of the bank, Jiang Jianqing during a high-level meeting in Beijing.

According to Pakistan media reports, as a result of this, billions of dollars of investments will flow in to Punjab in the next few years.

The bank, apart from offering capital, will also help the Punjab government in attracting investment from other global sources.

Shahbaz Sharif also appealed to the China National Textile and Apparel Council (CNTAC) to invest in an Apparel Park project in Sheikhupura, to which CNTAC officials expressed keen interest.

Sharif said that there are vast opportunities for investment in the Apparel Park and also assured of full protection to their capital and said that Chinese investors could also repatriate profits to their country.

He added the Apparel Park has been planned in such a way that there would be separate textile and garment zones, apart from there was abundance of skilled manpower in the sector.

“Cooperation in the Apparel Park project will help Pakistan benefit from Chinese expertise and technology,” he informed.

The added benefit according to Sharif was that since Europe had granted Pakistan GSP Plus status, Pakistan can export its textile products duty-free to European countries. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search