PM to inaugurate Allama Iqbal industrial city today


our correspondent
Prime Minister Imran Khan will inaugurate the state-of-the-art Allama Iqbal industrial city under the Special Economic Zone (SEZ) of Faisalabad Industrial Estate Development and Management Company (FIEDMC) on Friday.
Talking to media in Faisalabad on Thursday, FIEDMC Chairman Mian Kashif Ashfaq said Allama Iqbal Industrial City has been planned over an area of four thousand acres, which was strategically located on Motorway M-4 near Sahianwala Interchange, Faisalabad.
Appreciating the economic policies of Prime Minister Imran Khan, Faisalabad Industrial Estate Development and Management Company (FIEDMC) Chairman Mian Kashif Ashfaq on Thursday said the incumbent government focused on economic growth in the country,” says a press release issued here Thursday.
“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, Ashfaq said around Rs400 billion local and 200 million dollar foreign investment would be injected into various projects, which clearly indicates that investors have reposed complete confidence in the present regime.

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

Mian Kashif said the development projects under FIEDMC was likely to create 300,000 jobs and in order to prepare Pakistani youth to find employment opportunities. The Prime Minister will also inaugurate the first shelter home in Faisalabad, which was constructed on more than four Kanal land. =========================
Status Quo with Etisalat

Adviser Finance gives go-ahead
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh Thursday gave go ahead to the quarters concerned to resolve the matters with Etisalat and settle it forever.

“We want to move beyond the status quo maintained on the issue for over a decade and bring the matter to a final settlement, beneficial for our country and our long-term business interests,” the Advisor said while chairing the Inter-Ministerial meeting regarding the issue of pending payments by Etisalat.

He directed the participants to come up with the final proposal for the resolution of the pending payments before the end of this month, according to press statement issued by the Finance Ministry here.

Minister for IT Khalid Maqbool Siddiqui was also present in the meeting, the statement said adding that in the presence of all the stakeholders including Secretary IT, Secretary Privatization Commission and Secretary Finance, pending matters regarding the final settlement were discussed in detail.

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