The capital market cooperation between Pakistan and China has achieved a major milestone with the start of historic listing of the joint venture Service Long March Tyres in Pakistan Stock Exchange.

The company is a joint project between Pakistan's Services Group and China's Chaoyang Long March Tyre Company. It is the first-ever public listing of a company in Pakistan backed by Chinese investment, representing a significant milestone in financial cooperation between the two countries.

The Initial Public Offering raised approximately 28 million dollars, making it the largest private-sector initial public offering in Pakistan's history.

The development is being seen as a reflection of a promising future for Pakistan-China cooperation in investment, industrial growth, and financial integration.

Officials say the investment will help enhance local tyre manufacturing capacity, reduce dependence on imports, and boost export potential.

Both countries are also expected to deepen cooperation in market infrastructure and new investment products, including Exchange Traded Funds, with a growing focus on Islamic finance.