ISLAMABAD: Advisor to the Prime Minister on Commerce, Textile, Industries, Production and Investment Abdul Razak Dawood here on Thursday said that ease of doing business, pro-investment initiatives and restructuring of taxation system would greatly help promote investment and exports of Pakistan.
Talking to Chinese Ambassador to Pakistan Yao Jing, who called on him, he said that current government was focusing on boosting exports and investment in the country. He said that through various reforms government was facilitating investors and in response various multinational companies had started coming to Pakistan in different sectors of the economy.
Speaking on the occasion, Chines Ambassador said that China would continue to be a strong partner for Pakistan’s development.
He said that there was a vibrant and active private sector in China and China’s private investment was yet another potential area of cooperation with Pakistan.
He stated that Chinese private textile company Challenge Apparels Limited intended to expand its investment and establish a state-of-the-art garment manufacturing facility in Lahore.
“This will increase Pakistan’s exports and help to generate thousands of new jobs in the country in next couple of years” he added.
The Challenge Apparels is among the leading exporters to the top brands especially in the developed countries.
Dawood welcomed the move of the company and assured of government’s full support and cooperation in this regard.
“Government will further introduce policies which will help in attracting more local and foreign investment in the country” he added.