Islamabad : Prime Minister Shehbaz Sharif inaugurated a Special Economic Zone by Chinese textile giant “Challenge Fashion Private Limited,” involving a $100 million investment over the next five years and expected to generate $400 million in exports.
The company, which has invested $17 million in Pakistan since 2014, will use the zone to promote technology transfer, skill development, and sustainable industrial growth.
Before the groundbreaking ceremony, the prime minister met with the company’s chairman, Huwang Weiguo, and welcomed the initiative as a boost to Pakistan’s industrial and economic potential.
Sohail Majeed is a Special Correspondent at The Diplomatic Insight. He has twelve plus years of experience in journalism & reporting. He covers International Affairs, Diplomacy, UN, Sports, Climate Change, Economy, Technology, and Health.
