PM Shehbaz wants timeline for Hajj 2026
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Express Tribune
4 hours ago
- Express Tribune
PM inaugurates Chinese-led Special Economic Zone, welcomes $100m investment
Prime Minister Shehbaz Sharif meets the delegation of Chinese garments group, Challenge Fashion Private Limited, in Islamabad on August 15, 2025. Photo: Radio Pakistan Prime Minister Shehbaz Sharif on Friday inaugurated the Challenge Group Special Economic Zone (SEZ) and welcomed a $100 million investment by the Chinese garments giant, Challenge Fashion Private Limited, aimed at boosting Pakistan's textile exports and industrial capacity, Radio Pakistan reported. Speaking during a meeting with a delegation from the Chinese group, led by Chairman Huwang Weiguo, he expressed Pakistan's commitment to elevating its strategic and economic partnership with China to greater heights. 'Pakistan and China enjoy a time-tested friendship that has stood resilient through every challenge,' PM Shehbaz said. 'We are pleased to see our economic relations grow stronger, and we welcome more Chinese industries to set up operations in Pakistan,' he added. Also Read: Torrential rains claim 146 lives in K-P, five die in rescue helicopter crash Sharif lauded the Chinese firm's continued confidence in the Pakistani market, noting that Challenge Fashion Group has already invested $17 million in the country since 2014. The new Special Economic Zone, he said, will serve as a model for sustainable industrial development, facilitating technology transfer, skill enhancement, and job creation. He directed relevant authorities to extend all necessary support to ensure the swift operationalisation of the SEZ and reaffirmed the government's focus on advancing the industrial dimension of the China-Pakistan Economic Corridor (CPEC). The PM also highlighted Pakistan's keen interest in learning from China's expertise in the textile sector and announced that a China-Pakistan Business-to-Business Conference would soon be held in China to encourage private sector collaboration. Briefing the premier, the Challenge Group delegation shared that the $100 million investment over the next five years is expected to generate textile exports worth $400 million. Chairman Weiguo thanked the PM for the warm reception and hospitality, saying the group was committed to deepening its engagement with Pakistan's growing textile sector.
Business Recorder
6 hours ago
- Business Recorder
PM Shehbaz launches Chinese textile group's economic zone, expecting $400m in exports
Prime Minister Shehbaz Sharif launched on Friday a Special Economic Zone (SEZ) to be set up by a Chinese textile group, with a $100 million investment over five years, projected to yield $400 million in exports. The SEZ will be established by the Chinese garments group Challenge Fashion Private Limited that has already invested $17 million in Pakistan since 2014. The prime minister directed to provide all possible facilities to Challenge Group for the zone, reiterating that his government was committed to promoting the industrial component of the China-Pakistan Economic Corridor (CPEC) and benefiting from China's progress and expertise in the textile sector. Chinese textile group keen to develop textile factory: minister Highlighting the time-tested Pakistan-China friendship, Prime Minister Shehbaz said his government desired to take the bilateral ties to new heights as the economic relations between the two countries were a source of great satisfaction. He said Pakistan desired the Chinese industries to establish their units in Pakistan and also appreciated the confidence of Challenge Fashion Group in the Pakistani market. The prime minister told the delegation that a China-Pakistan Business-to-Business Conference would soon be held in China, providing an opportunity for collaboration between private businesses of both countries. Meanwhile, Challenge Fashion Group chairman Huwang Weiguo said his company was establishing a modern textile industry in Pakistan. He said the company would invest $100 million in th SEZ over the next five years and expected to generate $400 million in exports. The meeting was attended by federal ministers Ahsan Iqbal, Jam Kamal, Attaullah Tarar, Ali Pervez Malik, and Sardar Awais Ahmad Leghari, Special Assistant to the Prime Minister Tariq Fatemi, and relevant senior government officials.
Business Recorder
11 hours ago
- Business Recorder
Pakistan keen to enhance trade, people-to-people contacts with Bangladesh: PM Shehbaz
Prime Minister Shehbaz Sharif on Friday said Pakistan was keen to enhance trade and people-to-people contacts with Bangladesh. PM Shehbaz said this as he received High Commissioner of Bangladesh to Pakistan Iqbal Hussain Khan for a courtesy call in Islamabad. During the meeting, the prime minister expressed satisfaction over the growing engagement between Pakistan and Bangladesh across various domains. While fondly recalling his warm and productive interactions with Dr Mohammad Yunus, the chief advisor of Bangladesh, including their last meeting in Cairo on the margins of the D-8 Summit in December 2025, he expressed satisfaction at the revival of various bilateral mechanisms between the two sides. Ishaq Dar to visit Dhaka on 23rd He stressed upon the importance of maintaining this momentum to carry forward their bilateral ties. He emphasised that bilateral cooperation in political, economic, and cultural spheres needed to be further strengthened. Noting the desire of the leadership of both countries to strengthen bilateral ties, the Bangladesh high commissioner briefed the premier on various steps being taken by both countries to facilitate travel, trade and connectivity. He also expressed his desire to continue working hard for further strengthening of the historic bonds of friendship between Pakistan and Bangladesh. PM Shehbaz wished High Commissioner Iqbal success in his assignment, while assuring him of full support in the discharge of his responsibilities, and expressed confidence that his tenure would continue to witness positive developments in Pakistan-Bangladesh relations.
