Skip to main content

China, Pakistan discuss ways to enhance B2B matchmaking in textile industry under CPEC

Abstract : Chinese and Pakistani officials and businessmen on Tuesday discussed ways to advance business-to-business (B2B) matchmaking in textile industry under the China-Pakistan Economic Corridor (CPEC).

Arial photo taken on Aug. 5, 2019 shows the view of Sukkur-Multan Motorway in central Pakistan‘s Multan. (Xinhua/Ahmad Kamal)

Business-to-business joint ventures are intrinsic to the success of CPEC and the special economic zones, and the Pakistan’s Board of Investment will extend full support to Chinese investors for successful materialization of their projects in Pakistan, said a Pakistani official.

ISLAMABAD, April 28 (Xinhua) — Chinese and Pakistani officials and businessmen on Tuesday discussed ways to advance business-to-business (B2B) matchmaking in textile industry under the China-Pakistan Economic Corridor (CPEC).

Khashih ur Rehman, executive director general of Pakistan’s Board of Investment (BOI), said during a webinar that the event will help in advancing B2B ties under CPEC industrial cooperation.

The CPEC industrial cooperation textile B2B webinar was co-organized by BOI, China Council for International Investment Promotion (CCIIP) and China National Textile and Apparel Council (CNTAC). It was attended by senior officials and textile entrepreneurs from Pakistan and China.

“To facilitate B2B matchmaking, the BOI is working on the development of an online B2B portal which will assist potential domestic and foreign investors and serve as a one-stop database of available public and private sector investment projects,” Rehman said.

While appreciating the overwhelming support from the CNTAC and China’s Ministry of Commerce, Secretary of BOI Fareena Mazhar called for enhanced B2B matchmaking between the Pakistani and Chinese textile enterprises.

Laborers work in a garment factory in southern Pakistani port city of Karachi on Nov. 27, 2019. (Str/Xinhua)

“Owing to the sector’s financial gains, many international companies including Chinese enterprises are already operational in the country,” she said.

Project Director of the Project Management Unit of the BOI Asim Ayub said that B2B joint ventures are intrinsic to the success of CPEC and the special economic zones, and the BOI will extend full support to Chinese investors for successful materialization of their projects in Pakistan.

On the occasion, CNTAC deputy director Xu Yingxin called for enhancing industrial cooperation between China and Pakistan under CPEC, especially in the textile sector.

In addition to analyzing the textile sector of both countries and discussing the investment opportunities, notable textile companies from both sides also presented their projects requiring cooperation and held discussions for potential matchmaking. ■

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China, Pakistan discuss ways to enhance B2B matchmaking in textile industry under CPEC

Labels:

Comments

Post a Comment

Popular posts from this blog

Singapore’s manufacturing output declines 0.9 pct on year in October

Abstract : Singapore Economic Development Board announced on Thursday that the country's manufacturing output decreased 0.9 percent year on year in October, compared to a revised 25.6 percent rise in September. SINGAPORE, Nov. 26 (Xinhua) — Singapore Economic Development Board announced on Thursday that the country’s manufacturing output decreased 0.9 percent year on year in October, compared to a revised 25.6 percent rise in September. Excluding biomedical manufacturing, the output fell 2.7 percent in October from a year ago. On a seasonally adjusted month-on-month basis, Singapore’s manufacturing output decreased 19 percent in October. Excluding biomedical manufacturing, the output fell 2.9 percent. As for the performance of different clusters, the electronics cluster’s output fell 0.6 percent year on year in October, compared to a revised 33.1 percent increase in September. The biomedical manufacturing cluster saw its output grow 10.2 percent in October, compared to a revi...
Post a Comment
Read more

China’s Xiamen posts 1,000 China-Europe freight train trips

Abstract : Xiamen, a coastal city in east China's Fujian Province, Wednesday saw the 1,000th China-Europe freight train trip since the city launched the service in 2015. The X8098 train leaves Haicang station in Xiamen of east China’s Fujian Province for Hamburg, Germany, bringing the number of train trips of China-Europe freight train service to 1,000 on June 2, 2021. (Xinhua/Lin Shanchuan) XIAMEN, June 2 (Xinhua) — Xiamen, a coastal city in east China’s Fujian Province, Wednesday saw the 1,000th China-Europe freight train trip since the city launched the service in 2015. With 50 carriages loaded with daily necessities, auto parts and other goods, the X8098 train left the Haicang station of Xiamen for Germany Wednesday morning, bringing the number of train trips of such service to 1,000. Launched in August 2015, Xiamen’s rail cargo service to Europe and Central Asia has so far transported nearly 80,000 TEUs of goods worth more than 3 billion U.S. dollars, which...
Post a Comment
Read more

BYD new-energy vehicle sales nearly double in April

Abstract : China's leading new-energy vehicle (NEV) manufacturer BYD reported surging sales in April, company data showed Saturday. Workers work on the assembly line at a factory of vehicle manufacturer BYD Auto in Xi’an, northwest China’s Shaanxi Province, Feb. 25, 2020. (Xinhua/Liu Xiao) SHENZHEN, May 8 (Xinhua) — China’s leading new-energy vehicle (NEV) manufacturer BYD reported surging sales in April, company data showed Saturday. In a filing with the Shenzhen Stock Exchange, the Shenzhen-based company said its sales of NEVs, including purely electric vehicles and plug-in hybrid electric vehicles, surged 97.5 percent year on year to 25,662 units in April. In the January-April period, BYD sold 80,413 NEVs, up 128.5 percent year on year. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investmen...
Post a Comment
Read more