Faisalabad Industrial Estates receives 2 bn$ foreign investment: Mian Aslam

By Muhammad Sudhir Chaudhry – Deputy Bureau Chief Lahore

14th December, 2019

Provincial Minister for Industries & Trade Mian Aslam Iqbal has said that Punjab is the first province of Pakistan which has established two special economic zones in private sector and five special economic zones in public sector.

Two billion dollars foreign investment has been come in Faisalabad Industrial Estates, industries of one billion dollar has been established and agreements of one billion dollars investment with foreign companies have been inked.

Prime Minister Imran Khan will inaugurate Allama Iqbal Industrial City Faisalabad on January 03, 2020.

He expressed these views while addressing the inaugural ceremony of chief minister’s “Hunarmand Nujawan Program” at Expo Centre, Johar Town, today.

Chief Minister Sardar Usman Buzdar was the chief guest of the ceremony while federal and provincial ministers, members of parliament and people belongings various sectors of life attended the ceremony.

Provincial Minister said that positive results have come of the implementation of price control mechanism and the prices of essential items have stabilized.

He said that empowerment of the youth is the vision of Prime Minister Imran Khan and Punjab government is moving forward under the leadership of Chief Minister Punjab to achieve this target.

Target of imparting technical education to 2.5 million children has been given under the Punjab growth strategy 2023, TEVTA will impart training to 8 lakh 75 thousands students under this strategy.

TEVTA is giving training 90 thousand students every year and under the “Hunarmand Nujawan Program” it will train additional one lakh students every year and chief minister has given additional Rs.1500 million funds for this purpose. Punjab Skill Development Authority has been established and all institutions of technical education will work under one umbrella, he added.

Mian Aslam Iqbal has said that program of revival of cottage industry is being launched soon, under this program Rs.1 to 3 lakh will be given as a loan. Similarly, a big program has been prepared to facilitate skilled force for starting their business and up to Rs.30 lakh will be given every applicant to start his business. The special package is being given to female candidate under the direction of chief minister, he concluded.

Aizbah Khan

Web Editor, BOL News conributed to the story

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