ISLAMABAD: Prime Minister Imran Khan approved the plan to establish new commercial city in the capital.
According to the details, The government has allocated a 170 canal land in front of F-9 Park in the capital city for the project. The commercial city project will be developed on international standards and the government would be able to generate initial revenue of upto Rs 30 billion from it.
Some of the revenue generated from the project would be utilized for the Naya Pakistan Housing project aimed at building low cost housing units for poor and low income groups.
The commercial city project would not only expedite economic activities in the federal capital but would also help generate employment and promote construction sector.
Earlier on February 07, the Prime Minister Imran Khan chaired a meeting on Information Technology, where it was decided to establish a software city in Islamabad and take software-related exports of the country to US$ 10 billion.
During the meeting, it was decided to strengthen the country in the Information Technology sector likewise other countries of the region.
The meeting took key decisions to improve IT exports and spread the span of the sector to all parts of the country.