Chinese group plans Pakistan’s largest textile unit

A Chinese group is set to invest in Pakistan’s textile sector, planning to establish the country’s largest textile unit. The project will be located in Karachi and is expected to boost Pakistan’s textile exports. The Chinese company will invest $500 million in the project, creating thousands of jobs for locals. The textile unit will have a production capacity of 600,000 spindles, making it one of the largest in the region. The project is expected to enhance Pakistan’s competitiveness in the global textile market. The investment will also help increase Pakistan’s foreign exchange earnings. The project is likely to be completed within the next three years. This investment is seen as a significant boost to Pakistan’s economy. The government has welcomed the investment, citing its potential to create employment opportunities and stimulate economic growth. The project is expected to play a key role in Pakistan’s economic development.