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Chinese tyre co briefs PM about investment plans | Collector
Chinese tyre co briefs PM about investment plans
Business Recorder

Chinese tyre co briefs PM about investment plans

ISLAMABAD: Prime Minister Shehbaz Sharif said on Thursday that Pakistan was committed to strengthening business-to-business cooperation with China, as his government prioritises measures to facilitate foreign investors through a transparent and sustainable investment framework. Sharif made the remarks during a meeting with a four-member delegation led by Jin Yongsheng, Chairman of Service Long March Tyres, according to a statement from the Prime Minister’s Office. He said Islamabad was working on a priority basis to expand Pakistan-China business partnerships and remained committed to providing a stable, transparent and investor-friendly environment. Sharif added that the Special Investment Facilitation Council (SIFC) was supporting investors through streamlined procedures and institutional facilitation. Calling joint ventures such as Service Long March Tyres vital for bilateral economic cooperation, he said such partnerships contributed to economic growth, job creation, technology transfer and export development. The delegation briefed the prime minister on its upcoming investment plans in Pakistan, adding that the company remained focused on export-oriented production and generated export revenue of USD54 million in 2024-2025. Officials said the Board of Investment had facilitated the company across multiple sectors, including support for establishing a development zone in Nooriabad, in Sindh province. Jin said he appreciated Pakistan’s investor-friendly policies and economic reforms, expressing confidence in expanding the company’s footprint in the country. Federal Minister for Board of Investment Qaiser Ahmed Sheikh, Minister of State for Finance and Railways Bilal Azhar Kayani, tge special assistant to the prime minister on industries Haroon Akhtar and other senior officials also attended the meeting, the statement said. Copyright Business Recorder, 2026

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