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Shanghai Challenge Textile to purchase 24% shares of Masood Textile

Shanghai Challenge Textile to purchase 24% shares of Masood Textile

KARACHI: China has decided to invest in Pakistan textile industry and will purchase 24 percent shares. The companies of Pakistan and China have decided to work together in this regard. Shanghai Challenge Textile Company will purchase 24 percent shares of local Masood Textile Company. It happens for the first time that a Chinese company purchased the shares of a Pakistani textile company.