Pakistan, China firms sign deals worth $40m

Agree to cooperate in textile sector at TEXPO exhibition

Karachi: Chinese firm Hunan Dongxin Textiles Ltd and Pakistani company Keywin Trading Ltd on Thursday signed a memorandum of understanding (MoU) and agreements worth $40 million for cooperation in the textile sector at the Texpo 2024 exhibition in Karachi.

The fifth International Textile and Leather Exhibition from October 23-25 at the Expo Centre Karachi was organised by the Trade Development Authority of Pakistan (TDAP) to promote Pakistan’s textile and leather industries.

Keywin Trading Ltd General Manager of China Operations Sajjad Mazahir told China Economic Net (CEN) that the MoU and agreements worth $40 million were signed by the Chinese firm and their Pakistani textile suppliers for one year.

Wang Jun of Hunan Dongxin, Sajjad Mazahir of Keywin Trading, along with their suppliers Mahmood Textile Mills and Gadoon Textile Mills, signed the deals.

Mazahir stated that there are around 250 companies showcasing their new collections and representing Pakistan’s diversity in textiles, denim, home textiles, knitwear and leather industry. After the ceremony, Wang expressed his gratitude to Pakistan’s embassy and TDAP for arranging their visits this year, and shared his appreciation for the product exhibitors of Hall 3 and Hall 4. More than 600 foreign guests were invited to be part of Texpo’s events and activities, of which 30 were Chinese guests from various fields.