Razak Dawood visits FIEDMC to review progress of state of the art Allama Iqbal industrial city under CPEC

F.P. Report

LAHORE: Razak Dawood Advisor to Prime Minister on Commerce Saturday visited Faisalabad Industrial Estate Development and Management Company (FIEDMC) office to review the progress of state of the art Allama Iqbal Industrial City,the first mega project of the Punjab, under China Pakistan Economic Corridor(CPEC).
Chairman FIEDMC Mian Kashif Ashfaq here today briefing the Advisor said this project is being executed on fast track basis on the explicit directive of prime minister Imran Khan.
He said that the facility of gas,power,water and basic infrastructure, civic centre etc required for new industrial units have been provided.He said federal minister Mian Hammad Azhar Minister Industries Punjab Mian Muhammad Aslam Iqbal have also issued directives to concerned departments for early timely completion of mage project of national importance.
He further informed the Advisor that nearly 20 industrial units have started their production which covered one third of land of first phase of Allama Iqbal Industrial city while remaining will go into operation by the end of year.
He said PM during recent meeting further directed to minimise the time of allotment of industrial plots to foreign and local investors besides all investors must also be facilitated through one window operation.He said this project spread over a tract of 3300 acres of land is being completed on fast track which included furniture city, apparel park,modern business centre and the largest expo centre for displaying Pak made products to attract local and foreign buyers.
Mian Kashif Ashfaq said in line with the transparent policy of the Chief Minister Punjab Usman Buzdar, industrial plots are being allotted to export based industries ,imports substitute industries and relocation of local industries.
He said PM was optimistic about the future of the country and fully committed to providing best possible package of incentives to foreign and local investors to boost up industrial production to strengthen the national economy which promise better living conditions of poor strata of the society.
He said PM was kind enough to approve 500 mega watt grid station and 40 mmcf gas to meet the ever in demands of the industrial units.He said an amount of rupees 7.5 billions has so far been spent on the completion of first phase. Razak Dawood expressed satisfaction over the pace of development and progress of this project achieved so far and highly appreciated the dedication ,devotion and leadership qualities of Mian Kashif Ashfaq demonstrated in the FIEDMC.

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