Chinese firm RUYI Shandong is set to establish zero-carbon, automated textile parks in Pakistan, aiming to boost the country’s textile exports by $5 billion and generate up to 500,000 jobs.
The initiative follows a Memorandum of Understanding (MoU) signed between the Board of Investment and RUYI, with support from Prime Minister Shehbaz Sharif’s office.
Textile Park
The parks will be powered by solar energy, aligning with Pakistan’s green goals, and are expected to invite investments from around 100 Chinese textile companies.
The first phase of the project is projected to generate $2 billion in exports, while the second phase targets an additional $5 billion.
The textile parks will be established in Sindh and Punjab, with construction set to begin later this year and completion expected within three years.
Prime Minister Shehbaz Sharif welcomed the initiative as a significant boost to Pakistan’s textile sector and highlighted the long-standing economic ties between Pakistan and China.
RUYI, which also operates the Sahiwal Coal Power Plant under the China-Pakistan Economic Corridor (CPEC), will be developing the textile parks using zero-carbon, automated technology, marking another milestone in sustainable development under the CPEC framework.
Chairman Qiu Yafu of RUYI Group expressed optimism about Pakistan’s potential, noting that the parks will make the country a central hub for textiles and garments. Plans are also underway to establish wholesale commodity centers in Karachi and Lahore.