Punjab to have 3 more industrial zones

Punjab government has decided to establish three more industrial zones in different districts of Punjab. 2,041 acres have been set aside by the government for establishment of industrial zones in Gujranwala, Gujrat and Sialkot.

All the presidents of chambers of commerce and industries, commissioner, deputy commissioners and other stakeholders stressed upon the establishment of new industrial estate in each district of Gujranwala division besides one centrally located special economic zone as already established zones are insufficient for their projected growth.

It was decided to establish these economic zones in these areas because the division is the largest administrative civil division of Punjab with over 16 million populations and area of 17,206 square kilometres. The division contributes approximately eight percent to the country’s GDP besides 20 percent to exports and about 40 percent in form of foreign remittances.

As pre the documents regarding project Rs 500 million has been allocated for the establishment of these industrial zones and acquisition of land.