Business District: Out of box initiative

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ENVISIONING mega projects and then putting them in execution mode indeed has become a hallmark of present government.

If also completed within the stipulated period with same commitment, undoubtedly these projects have the potential to change the whole economic landscape of the country.

Prime Minister Imran Khan launched Lahore Central Business District at Walton Airport on Friday.

Addressing a ceremony on the occasion, the Prime Minister said it is an out of the box initiative to create wealth, overcome fiscal as well as current account deficit and sustain the country’s economy.

The business district will be completed in three phases over an area of three hundred acres. The first phase envisaging development of a commercial district will be developed over an area of 128 acres and financial activity of around 1300 billion be generated.

A digital district will be introduced in the second phase while a residential one will be built in the third phase. The very contours of the project indicate that it has been well thought out after due deliberations amongst the relevant stakeholders.

This is yet another step aimed at extending maximum facilitation to the business community and caters to their needs and requirements.

We are confident that this mega project will also take the country towards rapid industralisation especially help it land in the fourth industrial revolution.

Overall, as also stated by the Prime Minister, the project will help generate six thousand billion rupees.

To achieve success, one has to think big and it is a matter of satisfaction that the present government is coming up with major projects one after another which is helping generate immense economic activities, providing job opportunities to the youth and in the long run definitely help take the country towards sustainable economic growth.

Ravi city and Naya Pakistan Housing projects also come in the same category that will go a long way in providing not only affordable housing to the low and middle income groups but also help check the haphazard and unplanned growth of big cities.

This really shows the seriousness of the government to take forward the country but it is important that these projects are also completed within the stipulated timeframe so that the people could see difference in their lives as promised by the PTI in its election manifesto.

We therefore will suggest the PM to personally monitor progress on these projects and that a comprehensive campaign be launched to apprise the overseas Pakistanis about prospects of their investments in these projects.

Facilitating and encouraging their investments will really help make these projects a success story and model for others to emulate.

It is also important to sensitise our industries and businesses to switch over to new technologies which are not only cost effective but also compatible with the international standards.