A. China
B. Russia
C. Japan
D. Canada
Answer
Correct Answer: A. China
Detail About MCQs
China has announced plans to establish textile parks in Pakistan as part of the China-Pakistan Economic Corridor (CPEC) project:
- Purpose: The parks are intended to increase Pakistan’s textile exports to $5 billion and make the country a global textile and garment hub.
- Location: The parks will be built in Sindh and Punjab.
- Technology: The parks will use solar energy and operate on zero carbon and automated technology.
- Investment: Around 100 Chinese textile firms are expected to invest in the parks.
- Jobs: The parks are expected to create 300,000 to 500,000 local jobs.
- Timeline: The first park is expected to be inaugurated later this year and completed in three years.
The Chinese investment company RUYI is leading the project. RUYI already operates a coal power plant in the Sahiwal district of Punjab.