Major Investment Boost for Pakistan
According to officials, a significant expansion worth $120 million has been announced in collaboration with Chinese partners, signaling growing investor confidence in Pakistan’s economy. The development follows Pakistan’s active diplomatic role in easing regional tensions, which has positively impacted its economic outlook.
Federal Minister for Commerce Jam Kamal Khan held a meeting with a Chinese delegation to discuss strategies for boosting exports. During the meeting, the minister highlighted ambitious targets for the tyre sector, noting that Service Long March Tyres is aiming to achieve $70 million in exports by June 2026.
He further revealed that Pakistan has emerged as the fifth-largest exporter of tyres to the United States and the seventh-largest to Brazil. Projections suggest that tyre exports could exceed $100 million in the upcoming fiscal year.