A Chinese company in Gwadar shut down its factory and terminated all employees due to an unworkable business climate and financial losses. Hangeng Trade Company cited 'non-commercial factors' and operational difficulties as reasons for the closure, despite meeting international export standards. The company stated that shipments were stuck, leading to sustained losses. They had attempted to resolve issues with authorities but were unsuccessful. Before closing, the company cleared all obligations, including salaries and bills. They emphasized the close partnership between Pakistan and China, highlighting Gwadar as a key project under the China-Pakistan Economic Corridor (CPEC). The company expressed regret over the layoffs. This development occurs before Prime Minister Shehbaz Sharif's visit to China, raising concerns about investor confidence and the future of foreign-backed ventures.