The Chinese firm Service Long March Tyres (Private) Limited has committed an additional $120 million investment in Pakistan, signaling strong confidence in the country’s industrial and economic prospects. This announcement came during a meeting between Pakistan’s Commerce Minister, Jam Kamal Khan, and a delegation led by the company’s chairman, Jin Yongsheng.
The company projects exports to reach $70 million by June 2026, with ambitions to surpass $100 million in the subsequent financial year. Achieving this milestone would position Service Long March Tyres among Pakistan’s top non-textile exporters within a short timeframe.
Notably, Pakistan has made remarkable strides in the global tyre market, with exports to the United States and Brazil growing rapidly. The country now ranks as the fifth-largest tyre exporter to the US and seventh-largest to Brazil, a significant leap from its minimal presence in these markets just a few years ago. This expansion is largely credited to technology transfer and expertise gained through partnerships with Chinese firms, enabling local manufacturers to meet international standards and compete globally.
Commerce Minister Jam Kamal Khan acknowledged industry concerns and reiterated the government’s dedication to supporting sectors with strong export potential. He stressed the importance of a balanced tariff policy that fosters local production while maintaining competitiveness. The minister also highlighted ongoing efforts to diversify Pakistan’s industrial base by encouraging emerging industries with high growth prospects.
The Chinese delegation emphasized the critical role of the Pakistan-China industrial partnership in driving the tyre sector’s rapid growth. The company’s manufacturing plant in Nooriabad was highlighted as a modern, efficient facility employing approximately 2,000 workers and utilizing renewable energy solutions, making it one of the region’s more sustainable production units.
Both parties agreed on the necessity of enhancing collaboration between government and industry to support export-led growth and industrial development. The minister underscored the need for diversification and leveraging international partnerships to boost manufacturing capabilities and global competitiveness.
Despite global economic challenges, the investors expressed confidence in Pakistan’s economic outlook and appreciated the government’s ongoing engagement with the business community. The meeting concluded with a mutual commitment to promote policy stability, encourage investment, and establish Pakistan as a competitive manufacturing and export hub, particularly in emerging sectors like tyres.
