Pakistan, Aug. 16 -- Prime Minister Shehbaz Sharif on Friday launched a Special Economic Zone to be set up by a Chinese textile group, with a $100 million investment over five years, projected to yield $400 million in exports.

The Special Economic Zone will be established by the Chinese garments group "Challenge Fashion Private Limited" that has already invested $17 million in Pakistan since 2014.

The prime minister, who met with the company's delegation led by Chairman Huwang Weiguo before the groundbreaking, welcomed the establishment of a Special Economic Zone that would facilitate technology transfer, skill development, and sustainable industrial growth.

He directed to provide all possible facilities to Challenge Group for the Zone...