A Chinese-backed joint venture has announced a new investment of $120 million in Pakistan’s tire industry, a move set to significantly boost the country’s growing export profile in a meeting with Federal Minister for Commerce Jam Kamal Khan today. A delegation from the firm Service Long March Tires (Pvt) Ltd revealed its expansion plans during a high-level discussion on industrial development and tariff policy.
The capital injection reaffirms investor confidence in the country”s economic potential, with the company”s delegation, led by Chairman Mr. Jin Yongsheng, sharing ambitious targets. The firm is on course to achieve overseas sales of $70 million by June 2026 and aims to surpass the $100 million mark in the subsequent financial year.
Achieving this milestone would position the tyre manufacturer among Pakistan’s leading non-textile exporters in a remarkably short period of operation.
The session, also attended by Federal Secretary Commerce Jawad Paul, highlighted the nation”s extraordinary progress in global markets. Pakistan has rapidly become the fifth-largest exporter of tyres to the United States and the seventh-largest to Brazil, establishing a strong presence in markets where it had virtually none just a few years ago.
This rapid expansion has been largely credited to the Pakistan-China industrial partnership, which has facilitated critical technology and expertise transfer, enabling local manufacturing to meet stringent international standards and compete effectively on a global scale.
In response to industry concerns, Minister Jam Kamal Khan reiterated the government”s commitment to supporting high-performing sectors with strong export potential. He stressed the importance of a balanced tariff policy designed to encourage local production while maintaining market competitiveness.
The minister noted that the government’s strategy is focused on diversifying Pakistan”s industrial base by championing emerging industries that demonstrate high growth capacity.
The delegation pointed to its modern manufacturing facility in Nooriabad as a prime example of this successful collaboration. The industrial unit employs approximately 2,000 workers and incorporates renewable energy solutions, making it one of the region”s more sustainable production plants.
Both the government and the investors concluded the meeting by agreeing on the need for strengthened collaboration to drive export-oriented growth. The minister underscored that leveraging international partnerships is crucial for enhancing Pakistan”s manufacturing capabilities and global competitiveness.