LAHORE: Chairman Faisalabad Industrial Estate Development and
Management Company (FIEDMC) Mian Kashif Ashfaq Friday said that economic vision and
policy of Prime Minister Imran Khan was to strengthen institutions, the national economy and
bring people out of the poverty, besides improving their quality of life.
Unfolding the salient features of this mega project while talking to senior media persons and
anchors here on the eve of ground breaking ceremony of Allama Iqbal Industrial City, a
prioritized project of Special Economic Zone of FIEDMC under CPEC here today.
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 further 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, which is need of the
country.
Mian Kashif said there is dire need of focusing 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.
He further said that Faisalabad was strategically located in the heart of Pakistan and was flanked
by two motorways passing from its eastern and western sides. He said that this city has a unique
privilege to contribute 60 percent towards textile exports and 45 percent towards total exports of
the country.
Mian Kashif further said that it was not only restricted to textile which was its iconic
identification but hundreds of SMEs hailing from chemicals, steel, food processing and others
were also playing their role in the overall economy of Pakistan.
