Provincial Minister for Industries and Trade Mian Aslam Iqbal has said that Punjab has become the hub of local and foreign investment due to conducive atmosphere for investment.
Investment of $2 billion has been made in Faisalabad industrial estates. He expressed these views while talking to the delegations of industrialists and traders at his office.
The minister said that seven special economic zones have been established in the public and private sector. Due to improving the ranking of ease and doing business new investment was coming in Pakistan. He said that 18 applications have been received in the Industry Department for the establishment of new cement plants in the province.
The investment of more than $1 billion was expected through the installation of new cement plants. He said that the Industry Department will complete its process within ten days on these applications and then will forward to other concerned departments for further action.
These departments will also complete their process within the timeline. He said that one window operation facilitation has been launched in industrial estates and one window facilitation centre in the Chinese language was also established in Faisalabad Industrial Estate. All resources were being utilised for accelerating industrialization, he concluded.