LAHORE: The government in Pakistan’s Punjab province plans to develop an industrial city at a cost of Rs3bn along motorway during current fiscal year 2013-14. However, a site is yet to be identified.
Officials said that the government was given priority to strengthening the industrial base and installation of new industrial units is imperative.
As the government alone cannot set up industries, it has decided to establish an industrial city under public-private partnership and intends to offer lucrative incentives to private entrepreneurs.
Provincial Minister for Industries Chaudhry Muhammad Shafiq said that the industrial city was the need of the hour to spur industrial activities in the province. He said that steps are being taken to establish a business-friendly environment because due to bomb attacks, confidence of local investors has been shaken and they are reluctant to invest in the province. Internews
