Islamabad has authorized the establishment of 20 new jobs at Pakistan’s Trade Mission in China in an effort to boost exports, draw in foreign direct investment, and assist with the relocation of Chinese industries to Pakistan.
An important factor in promoting further investment between China and Pakistan is the SIFC. 5.5 billion Pakistani rupees have been set aside for trade trips this year by the ministry of commerce.
A grant of 226.7 million Pakistani rupees has also been granted by the Economic Coordination Committee to encourage international investment.
These new roles are intended to draw in foreign investment and increase exports.
China continues to be Pakistan’s biggest trading partner, accounting for 2.56 billion dollars in exports to China. It is a good thing that SIFC is supporting the establishment of closer business connections with China.
