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Synopsis A Chinese firm has ceased operations in Gwadar citing business difficulties. This development raises concerns ahead of Prime Minister Shehbaz Sharif’s China visit. Karachi: A Chinese company operating in Pakistan’s Gwadar Free Zone shut down its factory and terminated all employees, citing an unworkable business climate and mounting financial losses on Friday, according to The Express Tribune. Hangeng Trade Company announced the closure on International Labour Day, saying in an official statement that “non-commercial factors” and operational difficulties had made continued business operations impossible. The company said that despite meeting international export standards, its shipments remained stuck, pushing the…
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