LAHORE SEPT 19 (DNA) – To boost economic activity and generate further employment in the country, Prime Minister Imran Khan will inaugurate state of the art Allama Iqbal Industrial City fully equipped with modern infrastructure  in December next.

“The project, which is part of the China-Pakistan Economic Corridor (CPEC), will amplify trade and investment both at national and international level, which is a priority area of the incumbent government,” says Mian Kashif Ashfaq, chairman Faisalabad Industrial Estate Development and Management Company (FIEDMC) while talking to a high profile delegation of foreign and local investors here at Camp Office.  “The new industrial city will

create 250,000-300,000 jobs and 350-400 mega industrial units will be set up in it,” he said land acquisition for purpose will start soon.

He said  excellent incentive package offered by the government to investors, the company would attract more millions of dollars in foreign direct investment and in this regard, many more Memorandum of Understandings (MOUs) have been signed for injecting capital into Special Economic Zone.

He further said a sizeable portion has been allocated for promotion of Small and Medium Enterprise (SME) sector and this portion will not only facilitate small traders but will also promote new SMEs in the industrial estate.

Mian Kashif also apprised the investors of economic reforms package of Prime Minister Imran Khan for promoting economic activities in the country besides envisaging revolutionary incentives and measures to encourage investment, exports, ease of doing business and strengthen important sectors of the national economy. He said promoting international trade and investment is the pivot around which Pakistan seeks to devise its economic development and poverty alleviation strategies.

He said the government was also encouraging financial inclusion and public-private partnership so the investors could take advantage of the opportunity.

Mian Kashif said due to wrong policies of the previous governments, the country was on the verge of becoming a defaulter as the foreign exchange reserves had gone down and no international monetary institution was ready to lend money to it. However, Pakistan Tehreek e Insaf after coming into power, worked hard to bring the country out of the financial crisis, he added.

He said Pakistan had immense natural and human resources, which if utilized wisely and properly, could make it one of the world’s developed countries.

“Despite severe criticism from opposition leadership, Prime Minister Imran Khan, being a sportsman who believes in striving to win a cricket match till the last ball, is moving ahead and making all-out efforts to make Pakistan a developed country as per the vision of Quaid-e-Azam,” he concluded.=DNA

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