PIAF seeks more in­dus­trial es­tates and eco­nomic zones

Pakistan Observer - - ECONOMY WATCH -

SALIM AHMED LA­HORE—Pak­istan In­dus­trial & Traders As­so­ci­a­tions Front (PIAF) chair­man Ir­fan Iqbal Sheikh has said that in­dus­trial es­tates and eco­nomic zones should be es­tab­lished through­out the coun­try, as it would strengthen the in­dus­trial base, putting econ­omy back on rails. “There is a dire need to have a spe­cific in­dus­trial pol­icy to en­cour­age the pri­vate sec­tors’ rep­re­sen­ta­tives to start vig­or­ous in­dus­tri­al­iza­tion to help gen­er­ate em­ploy­ment op­por­tu­ni­ties,” he said. With a view to spur growth of na­tional econ­omy and en­able the govern­ment to uti­lize its re­sources at the tar­geted in­dus­trial ar­eas the govern­ment has to take cer­tain steps to di­vert in­vest­ments to in­dus­trial sec­tor, he added.

Chair­man PIAF said pointed out that both for­eign in­vestors as well as lo­cals have shown their in­ter­est in the in­dus­trial es­tates. It is an en­cour­ag­ing sign for the govern­ment caus­ing boost in the eco­nomic ac­tiv­i­ties of the prov­ince. Peo­ple will be ben­e­fited through job op­por­tu­ni­ties and ul­ti­mately, it will help in poverty elim­i­na­tion and pros­per­ity of the ar­eas. Be­sides di­rect im­pact on the gen­eral public it will ac­crue ad­van­tages of eco­nomic ac­tiv­ity as well as rev­enue gen­er­a­tion for the Govern­ment ex­che­quer. Govern­ment of Pun­jab is fo­cused on this ac­count and plan­ning is in progress for other in­dus­trial es­tates as well in dif­fer­ent districts of Pun­jab, he said.

Ap­pre­ci­at­ing the ground­break­ing of Chu­nian in­dus­trial es­tate fol­lowed by the open­ing of in­dus­trial es­tate in Rahim Yar Khan, PIAF chair­man Ir­fan Iqbal Sheikh termed the projects as an­other milestone to­wards in­dus­tri­al­iza­tion of the coun­try as a whole and Pun­jab prov­ince in par­tic­u­lar. He said that an­other in­dus­trial clus­ter in Pun­jab would at­tract for­eign in­vestors to do busi­ness in Pak­istan be­sides pro­vid­ing an op­por­tu­nity to the in­dus­tri­al­ists of South Pun­jab to ex­pand their in­dus­tries.

Ir­fan Iqbal Sheikh said that Pun­jab govern­ment de­serves ap­pre­ci­a­tion for ful­fill­ing long­stand­ing de­mand of the busi­ness­men of South Pun­jab. He said that in­dus­trial ex­pan­sion would help busi­ness­men of Pun­jab to pro­mote their busi­nesses and will cre­ate thou­sands of new job op­por­tu­ni­ties. While talk­ing on dec­la­ra­tion of ma­jor roads as in­dus­trial cor­ri­dors, he said that it would be a big break­through in terms of pro­mo­tion of trade and eco­nomic ac­tiv­ity in the prov­ince. He said it was a long­stand­ing de­mand of PIAF to pro­vide max­i­mum fa­cil­i­ties at in­dus­trial zones and it will con­tinue to ex­tend it full sup­port in this re­gard.

PIAF Chair­man sug­gested that new in­dus­trial zones and clus­ters should be es­tab­lished away from the densely pop­u­lated res­i­den­tial ar­eas i.e. along the mo­tor­way or ma­jor roads to ac­com­mo­date the in­dus­try re­lo­cat­ing from the res­i­den­tial ar­eas. He said the area around La­hore Ring Road could also be used for this pur­pose. These new in­dus­trial es­tates would not only cater to the fu­ture in­dus­trial growth re­quire­ments but also help con­trol the es­tab­lish­ment of in­dus­trial units.

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