{"id":49927,"date":"2024-09-26T13:29:16","date_gmt":"2024-09-26T08:29:16","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=49927"},"modified":"2024-09-26T13:29:16","modified_gmt":"2024-09-26T08:29:16","slug":"chinese-firm-to-establish-textile-parks-in-pakistan","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/chinese-firm-to-establish-textile-parks-in-pakistan\/","title":{"rendered":"Chinese firm to establish textile parks in Pakistan"},"content":{"rendered":"<p>LAHORE: The <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/china-plans-to-train-3000-international-police-officers-including-pakistanis\/\">RUYI Group of China<\/a> is establishing cutting-edge Textile Parks in Sindh and Punjab, Pakistan, under the Special Investment Facilitation Council&#8217;s guidance.<\/p>\n<p>PM Shehbaz Sharif commended Pakistan\u2019s long-standing friendship with China and expressed gratitude for RUYI\u2019s investment, noting the company\u2019s previous role as the first investor in the Sahiwal Coal Power Plant under the China-Pakistan Economic Corridor (CPEC).<\/p>\n<p>This initiative boosts economic ties and cooperation between China and Pakistan through the <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/pakistan-set-to-host-sco-summit-focusing-regional-security-economic-cooperation\/\">China-Pakistan Economic Corridor project.<\/a><\/p>\n<p>A Memorandum of Understanding was signed between the <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/pakistan-re-elected-to-international-atomic-energy-agencys-iaea-board-of-governors\/\">Board of Investment<\/a> and RUYI Shandong Group, solidifying their commitment.<\/p>\n<figure id=\"attachment_49929\" aria-describedby=\"caption-attachment-49929\" style=\"width: 640px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-49929 size-full\" src=\"https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2024\/09\/china.png\" alt=\"Chinese firm to establish textile parks in Pakistan \" width=\"640\" height=\"375\" srcset=\"https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2024\/09\/china.png 640w, https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2024\/09\/china-300x176.png 300w, https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2024\/09\/china.avif 640w, https:\/\/dailyausaf.com\/en\/wp-content\/uploads\/2024\/09\/china-300x176.avif 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><figcaption id=\"caption-attachment-49929\" class=\"wp-caption-text\">The MoU signed during a meeting between RUYI Chairman Qiu Yafu and Prime Minister Shehbaz Sharif \u2014 Picture by Author<\/figcaption><\/figure>\n<p>The project is anticipated to attract investment from approximately 100 Chinese textile firms. RUYI\u2019s chairman shared that the textile parks will be zero-carbon and fully automated, powered by solar energy.<\/p>\n<p>This project invites 100 large Chinese textile industries to invest, expecting $2 billion in exports in the first phase and $5 billion in the second.<\/p>\n<p>The Special Investment Facilitation Council has improved Pakistan&#8217;s investment environment, addressing concerns like political instability and tax rates, to attract foreign investment and stimulate growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LAHORE: The RUYI Group of China is establishing cutting-edge Textile Parks in Sindh and Punjab, Pakistan, under the Special Investment Facilitation Council&#8217;s guidance. PM Shehbaz Sharif commended Pakistan\u2019s long-standing friendship with China and expressed gratitude for RUYI\u2019s investment, noting the company\u2019s previous role as the first investor in the Sahiwal Coal Power Plant under the [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":49933,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[9521,22290,22289,22287,22288],"class_list":["post-49927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-special-investment-facilitation-council","tag-coal-power-plant-under-the-china-pakistan-economic-corridor-cpec","tag-pakistans-textile-exports","tag-ruyi-group-of-china","tag-textile-parks-in-sindh-and-punjab"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/49927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=49927"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/49927\/revisions"}],"predecessor-version":[{"id":49934,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/49927\/revisions\/49934"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/49933"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=49927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=49927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=49927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}