ISLAMABAD: The government is transforming Punjab into a hub of investment, trade and economic activities, said provincial Minister for Industries and Trade Mian Aslam Iqbal.
Addressing the 35th Annual General Meeting of the Textile Exporters Association of Pakistan (PTEA), the Minister said that local and foreign investors were investing in Punjab due to favorable business environment. He said that the government has set up 23 small industrial zones in Punjab in a span of three years, adding that 13 special economic zones are also being set up in the province.
“Growing investment in the country is an expression of confidence in the prime minister’s economic policies,” he said.
On the development of new industrial zones, the Minister assured the business community that the Punjab Board of Investment would facilitate and promote investment.
He said that under the vision of the Prime Minister, the Punjab government was committed to facilitate industrialists and investors to increase economic activities and increase employment opportunities.
The Minister said that the government believes that the economic revolution can be achieved only through the promotion of trade and every possible assistance is being provided to the export sector to achieve maximum growth. He termed the textile industry as the backbone of the economy and promised measures to boost the sector.
The minister said that the government had taken several measures including easy financing for payment of wages and release of outstanding tax refunds to keep the industrial wheel moving during the pandemic.