PM Imran to inaugurate industrial city on January 3

Industries minister says investment worth $2b made in industrial estates

LAHORE: Punjab is the first province to have established two Special Economic Zones (SEZs) in the private sector and five SEZ in the public sector, said Provincial Minister for Industries and Trade Mian Aslam Iqbal.

While addressing the inaugural ceremony of “Hunarmand Nujawan Programme” at Expo Centre, Lahore on Saturday, he said, “Foreign investment to the tune of $2 billion has been witnessed in Faisalabad Industrial Estates.”

He said that industries of around $1 billion have been set up and agreements with foreign companies have been inked for $1 billion additional investment. The minister revealed that Prime Minister Imran Khan will inaugurate the Allama Iqbal Industrial City Faisalabad on January 3, 2020.

The minister added that the implementation of price control mechanism bore positive results and prices of essential items had been stabilised.

He added that a target of imparting technical education to 2.5 million children was set under the Punjab Growth Strategy 2023 and the Technical Education and Vocational Training Authority (Tevta) would impart trainings to 875,000 students under this strategy.

“Presently, Tevta trains 90,000 students every year and under the Hunarmand Nujawan Program, it will train additional 100,000 students annually,” he said.

Published in The Express Tribune, December 15^th, 2019.

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