Minister expects Rs 250 billion investment in Quaid-e-Azam Business Park

LAHORE: Provincial Industries & Trade Minister Mian Aslam Iqbal has said that investment worth Rs 250 billion is expected in Quaid-e-Azam Business Park and one window operation facility for the industrialists has also been provided there.

The Minister in a statement on Monday said that Quaid-e-Azam Business Park to be established on 1536 acres of land near motorway is an important milestone with regard to promoting industrial progress.

He said that employment opportunities for more than five lac persons will be created by this mega project. The establishment of 563 industrial units in Quaid-e-Azam Business Park will promote business activities in the country.

"We would achieve the goal of national progress and prosperity with the promotion of industrialization," he said. He said 13 special economic zones are being established on thousands of acres of land across the province and added that industrial infrastructure of international standard is being provided in these special economic zones.

He said those establishing industrial units in the special economic zones will be given 10-year tax exemption besides exemption from paying duty to import machinery for the first time.

He said the facility of multi-purpose industrial complex, emergency services and factory outlets will also be provided. Aslam Iqbal emphasized that development work in the Quaid-e-Azam Business Park will be completed at the earliest.

Copyright Business Recorder, 2020