Chinese investors have expressed a desire to enter into joint ventures with Pakistani companies for exporting high-quality fabric to China that would boost bilateral trade. This was conveyed by the Chinese side recently when a delegation from the China National Textile and Apparel Council (CNTAC) visited the Punjab Board of Investment and Trade (PBIT).
PBIT CEO Jahanzeb Burana briefed the delegation about the board’s role as an investment promotion agency and conveyed them that a designated PBIT team will soon work with them to identify potential opportunities in the specific sector, according to Pakistani media reports.
The investment advisory team of PBIT will facilitate procedures for establishing or expanding businesses in Punjab through its special economic zones like the Quaid-e-Azam Apparel Park, Burana added. (DS)
Fibre2Fashion News Desk – India