ISLAMABAD — Federal Minister for Commerce Jam Kamal Khan met with leadership from Service Long March Tyres (Private) Limited today to finalize a massive $120 million investment expansion aimed at scaling Pakistan’s industrial footprint.
The meeting, attended by Chairman Jin Yongsheng and Federal Secretary Commerce Jawad Paul, centered on aggressive tyre exports growth and critical tariff policy reforms. This fresh capital injection signals a robust vote of confidence in Pakistan’s economic potential and its burgeoning non-textile manufacturing sector.
Pakistan Targets $100 Million Export Milestone
The joint venture is currently on a high-growth trajectory, with projections to hit $70 million in exports by June 2026. Following the new investment, the company aims to exceed $100 million in the subsequent fiscal year.
This milestone would solidify the company’s position as a premier non-textile exporter. The surge is fueled by a strategic shift toward high-demand international markets, moving away from a reliance on domestic consumption alone.
Rapid Ascent in Global Tyre Exports
Pakistan has achieved a historic breakthrough in Western markets, largely due to the transfer of technology from Chinese partners. Recent data highlights a significant shift in global trade dynamics:
United States: Pakistan is now the 5th largest exporter of tyres to the U.S.
Brazil: Pakistan has climbed to become the 7th largest exporter to the Brazilian market.
Sustainability: The Nooriabad manufacturing facility now employs 2,000 workers and integrates renewable energy solutions.
Government Pledges Tariff and Policy Support
Minister Jam Kamal Khan reiterated the government's commitment to maintaining a balanced tariff policy that protects local manufacturers while ensuring global competitiveness.
"The government is focused on diversifying Pakistan’s industrial base," the Minister noted. He emphasized that the Pakistan-China industrial partnership is the primary engine driving these advancements in the engineering and automotive supply chain.
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