Service Group, Chinese firm form joint venture for Tyre manufacturing plant in Pakistan

News Image

MG News | June 09, 2021 at 12:21 PM GMT+05:00

0:00

June 9, 2021 (MLN): A joint venture of Service Group and Chinese firm Chaoyang long March Tyre Co Ltd is all set to commence the manufacturing plant this month in Pakistan for the buses and trucks.

Taking to his official Twitter handle, Abdul Razzak Dawood, Adviser to PM for Commerce and Investment said, “MOC is pleased to announce is that Service Group joint venture with Chinese firm Chaoyang Long March Tyre Co Ltd, is ready to start its manufacturing plant this month in Pakistan for buses and trucks”.

In a series of Tweet, he mentioned that the total cost of the project is Rs 16.43 billion.

The Joint Venture plans to export at least 85% of its tyre output, he added.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 139,871.40
32.44M
1.05%
1459.15
ALLSHR 86,544.43
73.63M
0.98%
841.47
KSE30 42,738.10
17.10M
1.14%
483.26
KMI30 196,788.69
18.94M
1.38%
2679.10
KMIALLSHR 57,380.80
31.74M
1.18%
667.13
BKTi 38,113.99
2.14M
0.75%
282.65
OGTi 28,029.73
5.93M
2.15%
589.10
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,165.00 119,430.00
117,905.00
1545.00
1.31%
BRENT CRUDE 72.23 72.82
72.19
-1.01
-1.38%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 69.85 70.41
69.83
-0.15
-0.21%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News
July 31, 2025 at 09:57 AM GMT+05:00

Pakistan’s untapped Shale reserves back in focus


July 31, 2025 at 09:42 AM GMT+05:00

NBP issues foreign exchange rates


July 31, 2025 at 09:36 AM GMT+05:00

Asian Markets mixed amid trade tensions


July 31, 2025 at 09:12 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg