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‘Chinese textile industry exploring Pakistan’

KARACHI: The rising cost of business and environmental issues in China has made Pakistan an ideal destination for relocation of Chinese textile industry, leader of a Chinese delegation and vice president of Tianjin People’s Association for Friendship with Foreign Countries, Mr Chen Weiming said on Friday.
He was addressing a meeting with the members of All Pakistan Textile Mills Association (Aptma).
He emphasised the need for adjustments to promote industry. “It will help in balancing trade of both nations,” he said.
The aim would be to create multidisciplinary, multiple formats and diversified development of modern textile industry, he added.
Aptma Senior Vice-Chairman Zahid Mazhar welcomed joint ventures in the textile sector.
Source: Dawn