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Enhancing Pakistan’s Leather Sector: Collaborative Initiatives With China Create New Business Prospects

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4 months ago

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An agreement has been inked by Chinese and Pakistani commercial firms to launch a collaborative project with the goal of advancing Pakistan’s leather sector.

The help of the SIFC has made this arrangement possible.

Decades of slow deterioration have been witnessed by the leather sector, which was formerly regarded as the second largest behind textiles.

The sector, in which the leather industry may play a significant role, is one of the SIFC’s priority sectors. With 4 billion square feet of leather produced annually, China is the world leader in leather exports.

The demand for leather goods created in Pakistan, such as belts, handbags, purses, and suits, is high worldwide, but production of these goods has not received enough attention.

Pakistan’s leather sector will grow as a result of cooperation with China, opening doors for the promotion of Pakistani leather goods.

The collaborative ventures with China have opened up new commercial prospects and improved those already in place for established companies.

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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21 hours ago

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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Business

SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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21 hours ago

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

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21 hours ago

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According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

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