CM Punjab Holds Meeting to Review Progress on Economic Zones Project

28/09/20

Chief Minister Punjab Sardar Usman Buzdar has directed to give practical shape to economic zones project without delay adding that making Punjab an industrial hub is his mission. He was presiding over a meeting at his office to review progress on the establishment of special economic zones. Secretary industries department briefed the participants about the establishment of special economic zones and industrial estates. Addressing the meeting, the CM stated the process of the approval of establishing nine economic zones is completed and practical steps are underway now. The economic zones will not only usher in the industrial revolution but will also provide more than 17 lakh job opportunities to the needy, he added. Similarly, more than 807 billion rupees investment is also expected in the economic zones. The interest of the investors in purchasing industrial plots is encouraging, he remarked. He disclosed that Bahawalpur industrial estate will soon be inaugurated while JW China-Pakistan Special Economic Zone will be established at Raiwind Road over an area of 161.5 acres in collaboration with the private sector. The CM expressed the satisfaction that the Industrial City Faisalabad, Allama Iqbal Industrial Estate and value-added special economic zone projects will promote trade and investment in the province. Rs 50 billion investment and 1.25 lakh jobs are expected through Rahim Yar Khan Industrial Estate as the government will provide every possible incentive in special economic zones and industrial estates, concluded the CM. Provincial Minister Hashim Jawan Bakht, Advisor Dr Salman Shah, Chairman P&D, secretaries of C&W and finance departments and others attended the meeting.