LAHORE: The Bhalwal Industrial Estate will soon get the status of a Special Economic Zone (SEZ), said Punjab Industrial Estates Development and Management Company (PIEDMC) Chief Executive Officer Shairyar Salim.
During his visit to the estate, he said the federal government is also extending similar status to two other estates situated in Rahim Yar Khan and Vehari districts.
The Punjab government has provided an integrated infrastructure in these industrial estates to attract foreign direct investment and reduce the environmental and social impact of the industrial uses.
Bhalwal is a tehsil of Sargodha and lies in an agricultural area, close to the M-2 motorway, to which it is being connected by three interchanges. Salam Interchange is very near to the city. Bhalwal citrus fruits (including oranges) are very famous in the country and across the world.
The project director of Bhalwal Industrial Estate briefed the visiting CEO about the status of development work. He said that the 429-acres Bhalwal Industrial Estate is being developed in two phases.
He assured the CEO of completing the civil work in phase-II by September 30, 2017. Salim expressed hope that the project would be completed in time.
He said the estate has already become a big attraction for international investors due to its strategic location on the Lahore-Islamabad motorway.
He said the management is also negotiating with the Technical and Vocational Training Authority to set up an institute at the site for skill enhancement of local labour. A piece of land has already been allocated on site to meet the purpose.
Published in The Express Tribune, September 6th, 2017.