SHANGHAI, Aug 26: China has shown willingness to provide technical and investment support to Pakistan for setting up a textile city in Karachi.
This was stated by Zahid Zaheer, chief executive of Pakistan Textile City (PTC), who is leading a seven-member delegation here for negotiations with the Chinese side to promote bilateral cooperation in the textile sector.
The PTC in collaboration with the National Engineering Service Pakistan (Nespak) will build infrastructure at a cost of Rs10 billion within a period of one year on about 1,250 acres of land located in the outskirt of Karachi.
Mr Zaheer told APP on Friday that Pakistan would like to benefit from the Chinese expertise and experience in setting up the city. China, he said, showed an excellent performance in the recent years, developing textile cities that served as model for others.—APP
