News
Global Headlines Chinese company stops operation in Pakistan's Gwadar
Just Earth News | @justearthnews | 25 May 2022, 08:07 am Print
China-Pakistan Representational image from Wikimedia Commons/The Story of Marjaan
Islamabad: A Chinese company that exports copper, aluminium and iron to Beijing has stopped its operation in Pakistan's Gwadar city, media reports said on Wednesday.
H K Sons was the biggest investor in Gwadar city, ANI reported quoting Pakistani media.
The company also imports the machinery from Europe and other countries for different projects.
Presently, the company is facing difficulties in recycling and importing machinery and they have sent their members back to China. But the government sources have not confirmed the news, reports ANI.
More News
- China imposes 34 percent additional tariffs on all imported US products from April 10
- UN says fresh intensification of hostilities in Gaza left 280,000 people displaced
- IMF chief Kristalina Georgieva warns US tariffs pose a 'significant risk' to global outlook
- Liberation Day: US imposes 37 percent tariff on imports from Bangladesh
- New releases from OpenAI to be delayed, says Sam Altman on X amid Ghibli viral trend
