LAHORE – The textile industry of Pakistan is seeking Prime Minister ImranKhan’s assistance to persuade China’s in his forthcoming visit to establisha special credit line of $5 billion for new investments and joint venturesbetween manufacturers of both countries.
According to a report in *Dawn,* the All Pakistan Textile Mills Association(Aptma) in a recent paper sent to the textile ministry, the stakeholderssaid the facility should be provided by China under the pay-as-you-earnscheme on the buying-back basis to stimulate investment in exports fromPakistan.
Aptma Punjab official Anisul Haq said on Wednesday this proposal was putforth for enhancing industrial and investment cooperation with China asCPEC enters the next stage.
Read Top Stories
The paper prepared by Aptma says the special credit line would provideassistance in an early relocation of Chinese textile industry to Pakistanand increase our exports there.
