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PM Inaugurates Chinese-Led Special Economic Zone, Welcomes $100m Investment
The $100 million Special Economic Zone by Challenge Fashion aims to generate $400 million in exports and enhance technology transfer and skill development, officials said.
- In Islamabad, Prime Minister Shehbaz Sharif inaugurated the Special Economic Zone, developed by Challenge Fashion Private Limited, with a $100 million investment expected to generate $400 million in exports.
- Amid CPEC’s second phase, Shehbaz Sharif directed authorities to facilitate the SEZ as part of CPEC’s industrial component, encouraging Chinese industries to establish manufacturing units in Pakistan.
- Shehbaz Sharif met a delegation led by Chairman Huwang Weiguo, welcoming the SEZ and noting Challenge Fashion Private Limited's $17 million investment since 2014.
- The relevant authorities will extend all necessary support for SEZ operationalisation and enhance security measures for Chinese nationals nationwide, the premier directed.
- A China-Pakistan Business-to-Business conference will soon be held in China to foster private partnerships, as Pakistan plans more SEZ units under CPEC Phase II, highlighting strong economic ties.
11 Articles
11 Articles
Premier Shehbaz inaugurates Chinese textile group’s SEZ in Islamabad
Prime Minister says the initiative would facilitate technology transfer, skill development, and sustainable industrial growth Meets with the company’s delegation, expressing Pakistan’s willingness to ‘take bilateral ties to new heights’ Assures the delegation of facilitation for setting up the zone as part of industrial component of CPEC Expresses Pakistan’s desire to set up more such units across the country and hoped to benefit from China’s te…
PM Shehbaz performs groundbreaking of China-backed special economic zone
SEZ will be established Challenge Fashion Private Limited. Group has already invested $17 million in Pakistan since 2014.PM directed to provide all possible facilities to group for Zone.Prime Minister Shehbaz Sharif on Friday...
China’s Challenge Fashion to set up $100 million Special Economic
KARACHI: China’s Challenge Fashion Group will establish a Special Economic Zone (SEZ) in Pakistan with planned investments of $100 million over five years, expected to generate $400 million in exports, Prime Minister Shehbaz Sharif’s office said on Friday. The development comes as Islamabad seeks to draw more Chinese investment into manufacturing and textiles under the
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