Related Keywords: inked, MoU, Pakistan texile industry
The Punjab government has signed a memorandum of understanding with the Chinese group, Shandong Ruyi Group for investment of $2 billion in the Pakistani textile sector to establish a textile industrial zone near the motorway.
The agreement was signed by Punjab Investment Board Vice-Chairman Maratab Ali and Shandong Ruyi Group Chairman Yafu Qui on Friday, and witnessed by Punjab Chief Minister Shahbaz Sharif, Punjab ministers Mujtaba Shujaur Rehman, Muhammad Shafiq, and senior officials of the Chinese firm.
