Special economic zones approved

LAHORE

The Punjab Board of Investment and Trade has established a Special Economic Zone (SEZ) Desk which has been working tirelessly towards establishment of Special Economic Zones throughout Punjab.

PBIT with the help of Industries Department, Secretary Mines and Minerals and CEO, Urban Unit, has managed to design detailed proposals for Special Economic Zones to be built throughout Punjab in record time.

Three applications for SEZs were approved on Sunday by the Special Economic Zones Authority (SEZA). These are: Quaid-e-Azam Apparel Park located at M-2 (Lahore – Islamabad Motorway) at a distance of 2Kms from Sheikhupura Interchange.

Apparel Park will focus on Woven Garment Units, Knit Garments, Embroidered Garment Units, Leather Garment Industry, Tailoring/Ready Made Garment Industry, Denim Units, Spinning & Weaving Units, Allied industries.

M3 Industrial City located on Trade Corridor of Pakistan, along Motorway M-3 South near Sahianwala Interchange, 20Km from Faisalabad. This 4,356 acre land will facilitate export-oriented industry & Foreign Direct Investments: Textile, engineering and construction, chemicals, pharmaceuticals, electronics, food & beverages, IT etc. Value Addition City (VAC), a 225acre facility located about 20Km from Faisalabad city and 1.5Km off Sheikhupura – Faisalabad Expressway will focus on textile, pharma, engineering, electronics, food processing, construction and IT.

The approval of these SEZs was signed by Chief Minister Shahbaz Sharif as Chairman SEZA. Punjab Industrial Estates Development and Management Company (PIEDMC) and Faisalabad Industrial Estates Development and Management Company (FIEDMC) worked very closely with PBIT towards achievement of this goal.