In a fresh blow to investor confidence in projects linked to the China-Pakistan Economic Corridor (CPEC), a Chinese company has shut its factory in Pakistan’s Gwadar Free Zone, laid off its entire workforce, and cited an unworkable business environment — at a time when Islamabad is seeking to revive foreign investment. According to a report by The Express Tribune, Hangeng Trade Company said “non-commercial factors” and persistent operational bottlenecks made it impossible to continue operations, even though it met international export standards. The firm added that repeated delays in shipments led to mounting financial losses, ultimately forcing the closure. The…
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