Lahore: Provincial Minister for Industries and Commerce, Chaudhry Shafay Hussain, announced that 15 new factories will be established in Quaid-i-Azam Business Park, Sheikhupura, within the next two months. Additionally, a Garment City is being developed on the directives of Chief Minister Punjab, aimed at accommodating Chinese textile industries shifting to Pakistan.
Speaking at a press conference at the DGPR Office, the minister shared progress on the industrial sector, highlighting that 90% of the security wall surrounding the 9,000-acre industrial estates in Faisalabad has been completed under FIEDMC. The remaining work is expected to finish within the next two months.
Strict Measures to Promote Industrial Growth Chaudhry Shafay Hussain emphasized that the government has halted real estate trading within industrial estates, ensuring that land is solely used for manufacturing. Plots allotted for industrial purposes but left undeveloped for more than two years are now being canceled under the government’s policy. This move, he stated, has led to a rapid increase in the establishment of factories.
Chinese Investments and New Industrial Ventures During his recent visit to China with CM Punjab, the government signed agreements with multiple Chinese companies to bring investments to Punjab’s industrial sector. As part of these agreements:
A Chinese mobile phone company has started setting up a manufacturing plant in Faisalabad Industrial Estate, expected to begin production in two years. Plans are in place to establish manufacturing plants for lithium batteries and solar panels in Punjab. Skill Development & Business Growth Initiatives The minister also highlighted key initiatives to develop skilled labor and boost small businesses:
TEVTA institutions have been upgraded, with modernized courses now including German, Arabic, Korean, Japanese, and Chinese language training. Free three-month IT short courses with international certification are being offered under the CM’s directions. The CM Asan Business Finance and Asan Karobar Card Scheme is providing interest-free loans to support small and medium-sized enterprises (SMEs).
Read: Punjab approves industries, roads development projects Condemnation of Jaffar Express Terror Attack The minister also strongly condemned the recent terror attack on Jaffar Express, calling it a regrettable act. He praised Pakistan’s armed forces and security agencies for their swift action in countering threats and stressed that terrorists have no religion and remain enemies of humanity. He urged Ulema and the nation to stand united against terrorism.
With a strong focus on industrial expansion, foreign investment, and workforce development, the Punjab government is taking concrete steps to enhance economic growth and create new job opportunities across the province.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
