Lahore Textile Industrial Zone to provide $400 Mn Forex, 20,000 jobs: Nong Rong

LAHORE, Nov. 1 (Gwadar Pro)-Chinese Ambassador to Pakistan Nong Rong said that a Chinese company is constructing a textile industrial zone on 150 acres of land in Lahore with total investment of $150 million.

Referring to Chinese investments in different projects, the Ambassador said this will achieve an annual foreign exchange income of $400 million and provide 20,000 jobs.

The Ambassador was addressing the first meeting of Pakistan China Business and Investment Forum in Islamabad on Monday. He stressed that CPEC is now moving towards high-quality development focusing on industrial, agriculture, technical and socio-economic cooperation.

He added that a Chinese firm called Challenge is investing $150 million in an industrial park in Lahore to enhance Pakistan's exports potential.

This industrial park is located near Lahore’s border with Kasur and will have state-of-the-art fabric units, dyeing facilities and garment manufacturing units to lift exports of sportswear in Pakistan.