Service Long March Tyres (Private) Limited has unveiled plans to inject an additional $120 million investment into Pakistan, aiming to expand production capacity and significantly increase exports over the coming years.

The company expects its overseas sales to grow from nearly $70 million by June 2026 to more than $100 million in the next fiscal year, positioning it as one of Pakistan’s fastest-rising non-textile exporters.

The investment plan was discussed during a meeting with Commerce Minister Jam Kamal Khan, attended by company chairman Jin Yongsheng, Federal Secretary Commerce Jawad Paul, and other senior officials. Company representatives emphasized Pakistan’s improving competitiveness in international tyre markets.

According to officials, Pakistan has rapidly strengthened its position abroad, becoming the fifth-largest exporter of tyres to the United States and the seventh-largest supplier to Brazil—a remarkable jump from minimal market presence only a few years ago.

Industry stakeholders credited this progress to technology transfer, improved manufacturing standards, and collaboration with Chinese partners that enabled local production to meet global quality requirements.

The company’s manufacturing facility in Nooriabad was highlighted as a modern industrial operation employing roughly 2,000 workers. The plant incorporates renewable energy solutions, reflecting a growing shift toward environmentally sustainable manufacturing practices.

Speaking during the meeting, the commerce minister reaffirmed the government’s commitment to supporting export-oriented industries. He stressed the importance of maintaining a balanced tariff structure that protects domestic manufacturing while ensuring Pakistani products remain competitive in international markets.