Islamabad: According to a recent news report, the first phase of the Allama Iqbal Industrial City, the first Special Economic Zone (SEZ) of the Punjab under the China Pakistan Economic Corridor (CEPC) has been completed.
Mian Kashif Ashfaq, Chairman of the Faisalabad Industrial Estate Development and Management Company (FIEDMC), told a delegation of exporters and investors here on Wednesday that Prime Minister Imran Khan is pleased with the project’s progress and has directed Federal Minister Hammad Azhar, Advisor to the Prime Minister on Commerce Razak Dawood, and Minister of Industries Punjab Mian Muhammed to continue working on it.
He said nearly 20 industrial units have started their production, which covered one third of land of first phase of Allama Iqbal Industrial city while remaining will go into operation by the end of year.
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He said he recently met with the Prime Minister, who expressed optimism about the country’s future and was fully committed to providing the best possible package of incentives to foreign and domestic investors in order to boost industrial production and strengthen the national economy, which will result in better living conditions for the poor.