SGFL, China’s Golden Star to launch $6.5mn footwear project in Pakistan

Pakistan-China Footwear Joint Venture Gets Approval

Pakistan and China have approved a new joint venture in the footwear manufacturing sector, marking a major step in industrial collaboration between the two countries. Service Global Footwear of Pakistan and China’s Golden Star Footwear Group will combine expertise and resources to boost domestic production. The Pakistani firm will invest Rs1 billion in non-leather footwear production over five years, holding a 51% stake, while the Chinese partne…

SGFL, China’s Golden Star to launch $6.5mn footwear project in Pakistan

Service Global Footwear Limited (SGFL), a subsidiary of Service Industries Limited, has approved the formation of a joint venture with China’s Golden Star Footwear Group Limited (GSFL) to manufacture and sell non-leather footwear in Pakistan and for export markets. The listed company disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Wednesday. “The Board of Directors of Service Global Footwear Limited (SGFL), a subsid…