PM Imran Khan likely to to perform ground breaking ceremony of Allama Iqbal Industrial City on Jan 3.

ISLAMABAD -- The ground breaking ceremony of first state-of-the-art Allama Iqbal Industrial City special economic zone which is being developed under China-Pakistan Economic Corridor (CPEC) project to be held on January 03.

Prime Minister Imran Khan is likely to perform the ground breaking ceremony of this mega prioritized project of special economic zone of Faisalabad Industrial Estate Development and Management Company (FIEDMC) under CPEC.

Appreciating the economic policies of Prime Minister, FIEDMC Chairman Mian Kashif Ashfaq on Saturday said that the incumbent government focused on the economic growth in the country" says a press release.

"With trade and investment being an important pillar of the present government's foreign policy, there is a positive sentiment among the international community towards the country's economy, which needs to be tapped," he added.

Highlighting the development projects of FIEDMC, he said that around Rs 357 billion foreign and local investment will be injected into various projects, which clearly indicates that investors have reposed complete confidence in the present regime.

He said that Allama Iqbal Industrial City has been planned over an area of 4000 acres, which is strategically located on Motorway M-4 near Sahianwala Interchange, Faisalabad. He said that main boulevard, entrance gate and boundary wall will be completed within six months.

According to the plan, new industrial units of different nature would be constructed in the Allama Iqbal Industrial City. Scattered industrial units are already operating in various congested localities of the city which would also be shifted to this new industrial estate after its...