Lahore: The Government of Punjab has started work on establishing 13 special economic zones (SEZs) and industrial estates in the province, over a land encompassing 10,000 acres, according to a news source published on July 13.
Punjab Chief Minister (CM) Sardar Usman Buzdar revealed that the incumbent government has successfully launched the said project within a time frame of two years and that only three SEZs had been established in the past 73 years. He revealed that the Allama Iqbal Industrial City – which is to be established in Faisalabad – would span over 3,000 acres and generate over 300,000 employment opportunities.
Furthermore, Buzdar said that the provincial government is arranging for the international firms to open setups business operations in Pakistan and a one-window centre will be established in the industrial estate to assist the firms. He revealed that the industrial city is being developed to have a capacity to accommodate 550 industrial units.
The chief minister said that the project will create one million employment opportunities that will further strengthen the national economy. These industrial uplift projects will pave way for the province’s economic revival – in the aftermath of the COVID-19 pandemic and the lockdowns imposed to curb its spread.