Chinese firm boosts Pakistan tyre sector with $120 million investment
A major boost to Pakistan’s manufacturing landscape has emerged as a Chinese enterprise announced an additional investment of $120 million in the country’s tyre sector, reflecting increasing international confidence in Pakistan’s industrial and export potential.
The announcement was made during a high-level meeting between Federal Minister for Commerce Jam Kamal Khan and a visiting Chinese delegation led by Jin Yongsheng, chairman of Service Long March Tyres (Private) Limited. The development underscores the strengthening economic and industrial ties between Pakistan and China.
During the meeting, Minister Jam Kamal Khan reiterated the government’s commitment to supporting high-performing sectors and creating a business-friendly environment that encourages foreign investment. He highlighted the importance of sustained policy support in enabling industries to expand and compete in global markets.
The Chinese delegation expressed satisfaction with the progress of bilateral industrial cooperation, describing it as a key driver behind the rapid growth of Pakistan’s tyre manufacturing sector. The company’s production facility in Nooriabad was presented as a model example of successful industrial collaboration, combining advanced manufacturing practices with a focus on sustainability.
The Nooriabad plant currently employs around 2,000 workers, contributing significantly to local employment and skills development. It also integrates renewable energy solutions into its operations, reflecting a growing emphasis on environmentally responsible industrial growth.
Both sides emphasised the importance of strengthening public-private partnerships to accelerate industrial expansion and unlock further economic opportunities. The dialogue highlighted a shared vision of enhancing Pakistan’s position as a competitive manufacturing hub, particularly in emerging and export-oriented sectors.
The meeting concluded with a mutual commitment to ensuring policy continuity, encouraging increased foreign investment, and deepening cooperation between Pakistani and Chinese enterprises. The additional investment is expected to further scale up production capacity, improve export competitiveness, and contribute to long-term economic growth.
As Pakistan continues to attract international investors, developments such as this reinforce the country’s potential as a key destination for industrial investment, supported by strategic partnerships and a growing focus on sustainable and innovative manufacturing practices.