PIAF seeks more industrial estates and economic zones
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.