Lahore: The Provincial Minister for Trade and Industry Aslam Iqbal presided over a meeting on Wednesday that gave its approval to provide funds for the development of the link road to Quaid-e-Azam Apparel Park, according to the news sources.
The meeting also discussed setting up new industrial clusters, special economic zones (SEZs) and the installation of needed infrastructure in the industrial zones. Another decision made at the meeting was to set up a coordination committee alongside the federal government, to oversee the provision of electricity and gas in the industrial estates and other matters linked with the federal government.
Aslam Iqbal stated that Punjab has received attention as an active investment destination, which is why over USD 1 billion have already been invested in the province. He also expressed his hope that as the infrastructure develops in the industrial zones, the number of foreign investors interested in investing there will grow as well.
The minister said that Quaid-e-Azam Apparel Park would be completed on an expedited basis to strengthen the textile sector. He added that the largest national industrial estate is being set up in Muzaffargarh and Layyah, which will be over 20,000-acres in size. He was hopeful that these industrial projects will boost development in South Punjab.