ISLAMABAD – Service Long March Tyres (Private) Limited, a Chinese company, has announced an additional investment of $120 million in Pakistan. The decision highlights China’s growing confidence in Pakistan’s industrial and economic potential.
The announcement came during a meeting between Pakistan’s Commerce Minister, Jam Kamal Khan, and the company’s delegation, led by chairman Jin Yongsheng. Officials said the investment aims to expand manufacturing capacity and strengthen exports.
The company projects reaching $70 million in exports by June 2026, with a target to exceed $100 million in the next financial year. Achieving this milestone would position Service Long March Tyres among Pakistan’s top non-textile exporters.
Pakistan has shown remarkable growth in global tyre markets, especially in the United States and Brazil. It is now the fifth-largest tyre exporter to the U.S. and the seventh-largest to Brazil. This success is largely attributed to technology transfer and collaboration with Chinese partners.
Minister Jam Kamal Khan acknowledged the sector’s achievements and emphasized the government’s commitment to supporting high-performing industries. He stressed the importance of a balanced tariff policy that encourages local production while maintaining global competitiveness.
The Chinese delegation highlighted the significance of the Pakistan-China industrial partnership in driving the tyre sector’s rapid growth. Service Long March Tyres’ Nooriabad facility employs around 2,000 workers and incorporates renewable energy, making it one of the region’s most sustainable industrial units.
Both sides agreed on the importance of strengthening collaboration between the government and industry to support export-oriented growth. The minister also noted that Pakistan must diversify its industrial base and leverage international partnerships to boost manufacturing capabilities.
Investors expressed confidence in Pakistan’s economic outlook despite global challenges. They appreciated the government’s engagement with the business community and reaffirmed their commitment to long-term investment in the country.
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The meeting concluded with a shared goal to promote policy stability, attract investment, and position Pakistan as a competitive hub for manufacturing and exports, especially in emerging sectors like tyres. China’s continued involvement is seen as a key factor in achieving this vision.
