Chinese Tyre Firm Plans $120 Million Pakistan Investment

A Chinese tyre firm plans a $120M investment in Pakistan, targeting export growth and strengthening the country’s position in global tyre markets.

A Chinese tyre manufacturer has announced plans to invest an additional $120 million in Pakistan, signaling continued confidence in the country’s industrial and export potential.

Federal Minister for Commerce Jam Kamal Khan met with Jin Yongsheng, chairman of Service Long March Tyres (Private) Limited, to discuss investment expansion, export growth, and tariff policy support for the tyre industry. During the meeting, the company confirmed its new investment and outlined export targets of $70 million by June 2026, with plans to exceed $100 million in the following fiscal year.

Pakistan’s tyre exports have expanded rapidly in recent years, particularly to the United States and Brazil. The country is now the fifth-largest tyre exporter to the US and seventh-largest to Brazil, reflecting growing global competitiveness.

Officials attributed this progress to technology transfer and collaboration with Chinese partners, enabling local manufacturing to meet international standards.

The company’s facility in Nooriabad employs around 2,000 workers and incorporates renewable energy solutions.

Both sides emphasised the need for continued government-industry collaboration, stable tariff policies, and support for export-oriented sectors to sustain industrial growth and diversification.