LAHORE: After the implementation of the Phase-II of Free Trade Agreement (FTA) with China from December 1, Pakistan’s exports are likely to rise by $500 million in the first year, informed Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood.
The announcement was made after finalising an agreement between China’s Chaoyang Long March Tyre Company and Pakistan’s Service Tyre Industries Limited as they joined hands for tyre manufacturing.
Revealing details related to the joint venture between both the countries, the adviser said that 70% of the tyres manufactured by the joint venture would be exported and the remaining 30% would be supplied to the domestic market.
He further elaborated on the Phase-I of the project worth $250-million. The project will begin with an investment of $100 million in the SITE area of Sindh to change the economic dynamics of the region, for which land had already been acquired and work on the plant’s design had been initiated.
For news and blogs, visit Graana.com.
The ancient town of Johi is set in Pakistan's Dadu District in the Sindh Province.…
Mehar is a small town located in Sindh, Pakistan. It is positioned at coordinates 27.1795221,…
Nasirabad is a district located in Balochistan, Pakistan. It is known for its agricultural activities,…
Thul is a town in the Jacobabad District of Sindh province in Pakistan. It is…
The home of four famous minarets, Islamabad features a notable number of markets and bazaars.…
Jalalpur Bhattian is a town in the Hafizabad District of the Punjab province in Pakistan.…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
