Chinese firm to do $120 million additional investment

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ISLAMABAD: Chinese enterprise Service Long March Tyres (Private) Limited has announced an additional investment of US $120 million, signalling growing international trust in the country’s manufacturing and export potential. The announcement came during a high-level meeting between Federal Minister for Commerce Jam Kamal Khan and a visiting Chinese delegation led by company chairman Jin Yongsheng. According to a Gwadar Pro’s report, Minister Jam Kamal Khan reaffirmed the government’s commitment to facilitating high-performing sectors. The Chinese delegation highlighted the success of bilateral industrial cooperation, describing it as a cornerstone of the tyre sector’s rapid growth. The company’s manufacturing facility in Nooriabad was cited as a model industrial unit, employing approximately 2,000 workers and incorporating renewable energy solutions. Both sides agreed on enhancing public-private collaboration to accelerate industrial expansion. The meeting concluded with a shared commitment to policy stability, increased investment, and positioning Pakistan as a competitive manufacturing hub in emerging sectors. DNA