ISLAMABAD, Jan 3 (APP):Chairman Faisalabad Industrial Estate Development and Management Company (FIEDMC) Mian Kashif Ashfaq on Friday said Prime Minister Imran Khan’s economic vision was to strengthen institutions, national economy and bring people out of the poverty, besides improving their quality of life.
He expressed these views while unfolding the salient features of this mega project here on the eve of ground breaking ceremony of Allama Iqbal Industrial City, a prioritized project of Special Economic Zone of FIEDMC under CPEC,” a press release said.
He said that the government under the dynamic leadership of Prime Minister Imran Khan was committed to resolving the problems of the people and meet challenges being faced by the country.
He said that Pakistan is an attractive investment destination and a large market endowed with a rich array of resources and exports-oriented companies would find ease and comforts at Allama Iqbal Industrial City under CPEC as exports-oriented companies would add a glory to country’s exports and thus the country would attract more foreign exchange.
Kashif said there was dire need for focusing on development of more Special Economic Zones (SEZs) on the pattern of FIEDMC as these projects would help country enhancing export by $1 billion to $ 1.5 billion per annum in the short-run by ensuring effective and comprehensive planning.
Throwing light on FIEDMC, he said it is a successful entity of combination of public private sectors partnership and first ever state of the art will ultimately turn into an economic engine of country progress through China Pakistan Economic Corridor initiatives.
FIEDMC Chairman said investors from China, Turkey, Korea and Britain have so far pumped US$ 1.50 billion and their confidence in Pakistan have been restored as they are also bringing more investors from their respective country to invest in SEZs. He said FIEDMC economic zones remained the first choice of investment for the Chinese companies at M3 Industrial City and more than twenty Chinese companies have invested approximately US $ 600million in various Industrial sectors.
He said these investors expressed their eagerness to explore the possibility of investment in diverse sectors of Pakistan especially in ceramics, chemicals, steel, food processing and automobiles.
He said industries operating in the FIEDMC will have an immediate access to high-quality infrastructure, un-interrupted power supply, public facilities and support services along with simpler ease of doing business.
