LAHORE: Nong Rong, Chinese Ambassador to Pakistan has said Pakistan and China are not only neighbors but also brothers who after the initiation of China-Pakistan Economic Corridor, Pakistan has gained historical significance and Chine companies investment in Pakistan is likely to create thousands of jobs.
He expressed these views during his visit to the $60 million Challenge Textile Factory on Lahore-Multan Road where he was briefed by Karen Chen, Managing Director of the company.
Talking on the occasion, Chinese Ambassador Mr. Nong Rong said that Pakistan and China are not only neighbors but also brothers and after C-Pack, Pakistan has gained historical significance and Chinese investment will create thousands of jobs in Pakistan.
He said that more Chinese companies are ready to invest billions of dollars in various sectors in Pakistan which will see an improvement in Pakistan’s economy.
And with the resumption of export of textile products from the factory, Pakistan’s foreign exchange reserves will also increase. The Chinese Ambassador visited various sectors of the textile factory and appreciated the arrangements made.
Karen Chen, Managing Director, Challenge Group, briefed the Chinese Ambassador on this investment in the textile sector. Employees have been provided with good pay as well as transport, food and accommodation. “After the $ 60 million Chinese investment, our group will now invest another 150 150 million, and this company employs 3,000 people,” said Karen Chen whose number will soon reach five thousand employees.
He said that land has been purchased for Challenge Fashion Export Park on Lahore-Kasur Road and work on it will be started soon and after construction of this fashion export park, 20,000 more jobs will be created in Pakistan. Karen Chen told the Chinese ambassador that the Pakistani people are very good and that is why the company is doing well today.
