Govt to transform Punjab into investment hub

Favourable environment attracting local and foreign investors, says minister


Imran Rana September 28, 2021
Punjab Minister for Industries and Trade Mian Aslam Iqbal and Ambassador of Indonesia to Pakistan Adam Tugio inaugurate the B2B online portal. PHOTO: EXPRESS

ISLAMABAD:

The government is transforming Punjab into a hub of investment, trade and economic activities, said provincial Minister for Industries and Trade Mian Aslam Iqbal.

Speaking at the 35th Annual General Meeting of Pakistan Textile Exporters Association (PTEA), the minister said that due to a favourable business environment, local and foreign investors were investing in Punjab. The government has set up 23 small industrial estates in Punjab within a span of three years, he said, adding that 13 Special Economic Zones were also being established in the province.

“Growing investment in the country is an expression of confidence in the prime minister’s economic policies,” he said.

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Terming the new industrial zones a positive sign for the development, the minister assured businessmen that the Punjab Board of Investment would facilitate investors and promote investment.

“Under the prime minister’s vision, the Punjab government is committed to facilitating the industrialists and investors for improving economic activities and increasing employment opportunities,” he said.

“Government believes that economic revolution can only be possible through trade promotion and all possible support is being extended to the export sector to achieve optimum growth,” the minister added. He termed the textile industry the backbone of economy and promised measures to uplift the sector.

The minister said that the government had taken several measures including easy financing for payment of wages and release of outstanding tax refunds to keep the industrial wheel moving during the pandemic.

Published in The Express Tribune, September 28th, 2021.

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