Service Long March Tyres to pump $120m into Pakistan

April 09, 2026 (MLN): Service Long March Tyres (Private) Limited has declared an additional investment of $120 million in Pakistan, aiming to increase its exports from $70m by June 2026 to over $100m in the following financial year.

This expansion would position the company among Pakistan’s leading non-textile exporters within a short span of operations, according to the press release.

The declaration came during a meeting between Federal Minister for Commerce Jam Kamal Khan and the company’s delegation, led by Chairman Jin Yongsheng. Federal Secretary Commerce Jawad Paul and other senior officials were also present.

The delegation highlighted Pakistan’s rising presence in global tyre markets. The country has emerged as the fifth-largest tyre exporter to the United States and the seventh-largest to Brazil, a notable shift from almost no presence in these markets just a few years ago.

Industry sources attribute this growth to technology transfer and collaboration with Chinese partners, which have helped local manufacturers meet international standards and compete globally.

The company’s Nooriabad manufacturing facility was cited as a modern, efficient industrial unit employing around 2,000 workers.

The plant incorporates renewable energy solutions, making it one of the more sustainable production facilities in the region. The delegation described the Pakistan-China industrial partnership as a key driver behind the rapid growth of the tyre sector.

During the discussion, Minister Jam Kamal Khan acknowledged the industry’s concerns and stressed the government’s commitment to sectors demonstrating strong export potential.

He emphasized maintaining a balanced tariff policy that encourages local production while keeping Pakistani products competitive in international markets.

The minister also noted that the government is working to diversify Pakistan’s industrial base by promoting emerging industries with high growth potential.

Both sides agreed on the need for closer collaboration between the government and industry to support export-oriented growth and industrial expansion.

The investors expressed confidence in Pakistan’s economic outlook despite global challenges and appreciated the government’s continued engagement with the business community.

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

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