ISLAMABAD – Advisor to Prime Minister on Commerce, Investment, Industriesand Textile, Abdul Razak Dawood on Thursday said that Chinese companieshave started locating business centers in different parts of the country.
The Chinese companies had started construction work in Lahore andFaisalabad to explore business in textile sectors, he stated while talkingto a private news channel program.
A policy for textile was being formulated and it was in the refining stage,he added.
In reply to a question, he said Pakistan textile sector has registered anincrease of 37 percent, particularly in the garment sector.
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The Advisor further stated that a meeting with the minister of China wouldbe held in the next week and for this, all necessary discussion to enhancebusiness volume would be made.
He said that Pakistan had displayed the products in China Expo, adding thatwe had signed free trade agreement with China and that would be affectiveby the end of December this year.
