Chinese tyre company plans additional $120 million investment in Pakistan

Islamabad: Federal Minister for Commerce Jam Kamal Khan met Jin Yongsheng, chairman of Service Long March Tyres (Private) Limited, along with the company’s delegation, to discuss expansion plans, export growth and tariff policy support for Pakistan’s tyre industry, according to an official statement issued on Thursday.

During the meeting, the company announced a further investment of $120 million in Pakistan, reaffirming its confidence in the country’s industrial and economic prospects.

The delegation told the minister that the company is on course to reach $70 million in exports by June 2026 and is targeting more than $100 million in exports in the following financial year. According to the statement, achieving that level would place the company among Pakistan’s leading non-textile exporters within a relatively short period of operations.

The meeting was informed that Pakistan has recorded notable gains in international tyre markets, particularly in the United States and Brazil, where exports have risen quickly. Pakistan has become the fifth-largest exporter of tyres to the United States and the seventh-largest to Brazil, representing a major change from having almost no presence in those markets only a few years ago.

According to the statement, this progress has largely been linked to the transfer of technology and expertise through cooperation with Chinese partners, which has helped local manufacturing meet global standards and compete in overseas markets.

Government support and tariff policy

Khan acknowledged the concerns raised by the industry and reiterated the government’s commitment to backing sectors that show strong performance and export potential. He stressed the need for a balanced tariff policy that supports domestic production while preserving competitiveness.

The commerce minister said the government is working to broaden Pakistan’s industrial base by encouraging emerging industries with strong growth potential. He also underscored the importance of diversification and international partnerships in strengthening the country’s manufacturing capacity and improving its position in global markets.

The delegation highlighted the role of Pakistan-China industrial cooperation in the rapid expansion of the tyre sector, describing the partnership as a major factor behind recent growth.

Nooriabad facility highlighted

The company’s manufacturing plant in Nooriabad was presented during the meeting as a modern and efficient industrial facility. The statement said the unit employs around 2,000 workers and uses renewable energy solutions, making it one of the more sustainable production facilities in the region.

Both sides agreed on the need for closer coordination between the government and industry to promote export-led growth and industrial expansion. The investors also expressed confidence in Pakistan’s economic outlook despite current global challenges and appreciated the government’s continued engagement with the business community.

The meeting ended with a shared commitment to promote policy stability, encourage investment and strengthen Pakistan’s position as a competitive manufacturing and export hub in emerging sectors such as tyres.