A Chinese tyre manufacturing company has announced an additional investment of $120 million in Pakistan, signaling growing confidence in the country’s industrial potential and export capacity.
The development came during a meeting between Federal Minister for Commerce Jam Kamal Khan and a delegation led by Jin Yongsheng, chairman of Service Long March Tyres (Private) Limited.
Investment to Boost Industrial Growth and Exports
During the meeting, the company reaffirmed its commitment to expanding operations in Pakistan, with plans to significantly increase its export footprint.
The delegation informed the minister that the company is on track to achieve exports worth $70 million by June 2026 and aims to surpass $100 million in the next financial year. This growth trajectory is expected to position the firm among Pakistan’s leading non-textile exporters in a short period.
Officials said the new $120 million investment would further strengthen production capacity and enhance competitiveness in international markets.
Pakistan Gains Ground in Global Tyre Market
The meeting highlighted Pakistan’s rapid progress in global tyre exports, particularly to key markets such as the United States and Brazil.
Pakistan has emerged as the fifth-largest exporter of tyres to the United States and the seventh-largest to Brazil, marking a significant improvement from minimal presence in these markets just a few years ago.
Industry experts attribute this growth to technology transfer and collaboration with Chinese partners, enabling local manufacturers to meet international quality standards.
Government Assures Policy Support
Minister Jam Kamal Khan acknowledged the concerns raised by industry stakeholders and reiterated the government’s commitment to facilitating sectors with strong export potential.
He emphasised the importance of maintaining a balanced tariff structure that supports local manufacturing while ensuring global competitiveness.
“The government is focused on diversifying Pakistan’s industrial base by promoting high-growth sectors,” the minister said during the meeting.
Role of Pakistan-China Industrial Partnership
The delegation underscored the importance of the Pakistan-China industrial partnership as a key driver behind the tyre sector’s expansion.
The company’s manufacturing facility in Nooriabad was cited as a modern industrial unit employing around 2,000 workers. The plant also incorporates renewable energy solutions, making it one of the more sustainable production facilities in the region.
Officials noted that such collaborations are playing a vital role in strengthening Pakistan’s manufacturing capabilities and boosting exports.
Focus on Export-Led Growth
Both sides agreed on the need to enhance cooperation between the government and industry to support export-oriented growth.
The minister stressed that Pakistan must leverage international partnerships to improve industrial output and expand its presence in global markets.
Investors expressed confidence in Pakistan’s economic outlook despite global challenges and appreciated the government’s engagement with the business community.
Conclusion
The announcement of a $120 million investment by a Chinese tyre firm marks a positive development for Pakistan’s industrial sector. With increasing exports and strong international partnerships, the country is gradually positioning itself as a competitive manufacturing hub.
The move is expected to create employment opportunities, boost exports and contribute to long-term economic growth, reinforcing confidence in Pakistan’s evolving industrial landscape.