Chinese companies announce to set up plants in Pakistan

Two major Chinese companies have announced to set up their plants in Pakistan to manufacture raw materials for the textile industry. This development has happened because of the facilitation provided by the Special Investment Facilitation Council. The two companies are expected to invest millions of dollars in the projects aimed at producing cheap raw materials for the local textile industry. The Chinese investment will lead to transfer of latest technology and growth in the textile industry of Pakistan. Source: Radio Pakistan