Lahore, June 15, 2024: In a significant development for Pakistan\u2019s footwear industry, The Association of Guangdong
\nShoes Manufacturers, TAGSM of China has expressed its intention to invest billions of rupees in Pakistan’s shoe
\nindustry. Mr Suilong Liu, Chairman AGSM visited Lahore alongwith 10 Chinese Delegates from 3 – 8 June 2024 .
\nPFMA host the Chinese delegation, arranged their B2B meetings with Pakistani footwear industry and government
\nofficials.<\/p>\n
![\"\"](\"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2024\/06\/PFMA-IMG-01-300x166.jpeg\")
\nThe Chinese delegation visited Pakistan from June 3 to June 8, 2024 and witnessed various shoe-making factories
\nwhere they have had B2B meetings with the Pakistani counterparts. In April this year, a Pakistan delegation headwd
\nby Mansoor Ehsan Sheikh, Chairman PFMA also visited China and met with the leading shoe-makers there.<\/p>\n
Mr. Suilong Liu, marking a new chapter in bilateral trade relations and potential economic growth. During his visit,
\nMr. Liu had various meetings with Mr Mansoor Ehsan Sheikh and finally signed a MOU at the Punjab Board of
\nInvestment and Trade (PBIT) jn the presence of Chaudhry Shafay Hussain, Minister of Trade & Investment Punjab,
\nthe both Chairmen highlighted the shared enthusiasm for strengthening ties between the two countries’ footwear
\nsectors.<\/p>\n
Minister for Trade & Investment, Mr. Shafay Hussain, praised PFMA for their pivotal role in attracting investment in
\nPakistan. “The success of this visit exemplifies our commitment to fostering international trade relations and
\nattracting foreign investment,” said Mr. Hussain. He further acknowledged the role of PFMA and those of Mr. Ahmed
\nFawad Farooq, whose dedicated efforts have been instrumental in attracting investors to Pakistan\u2019s shoe industry.<\/p>\n
Mr. Liu’s visit underscored the immense potential of Pakistan’s shoe market. “Pakistan represents a burgeoning
\nmarket for footwear with vast opportunities for growth and development,” stated Mr. Liu. He expressed confidence
\nin the country’s economic prospects and reiterated his commitment to investing substantially in Pakistan\u2019s shoe
\nmanufacturing sector. The Chinese delegates plan to invest in 1st phase Rs. 2 bilion, and will increase their
\ninvestment quantum to Rs. 20 billion in the 2nd phase, reflecting the long-term vision and belief in the Pakistani
\nmarket,” he added. The collaboration between TAGSM and PFMA is expected to bring state-of-the-art technology,
\nmodern manufacturing techniques, innovative designs to Pakistan\u2019s footwear industry and development of supply
\nchain materials market. This partnership aims not only to boost local production capabilities but also to enhance the
\nquality and competitiveness of Pakistani footwear in global markets.<\/p>\n
Chairman of PFMA Mr. Mansoor Ehsan, welcomed the investment and highlighted its potential impact on the local
\neconomy. “This investment will create numerous job opportunities and contribute to the overall economic
\ndevelopment of Pakistan. We look forward to a mutually beneficial partnership with TAGSM,” he remarked.
\nThis landmark investment signals a promising future for Pakistan\u2019s footwear industry, paving the way for increased
\nexports and solidifying the country\u2019s position in the international market. The collaborative efforts of PBIT, PFMA
\nand key figures like Mr. Ahmed Fawad Farooq and Minister Shafay Hussain have been crucial in making this vision a
\nreality<\/p>\n","protected":false},"excerpt":{"rendered":"
Lahore, June 15, 2024: In a significant development for Pakistan\u2019s footwear industry, The Association of Guangdong Shoes Manufacturers, TAGSM of China has expressed its intention to invest billions of rupees in Pakistan’s shoe industry. Mr Suilong Liu, Chairman AGSM visited Lahore alongwith 10 Chinese Delegates […]<\/p>\n
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