Punjab Chief Minister Sardar Usman Buzdar on Friday said that 'Special Economic Zones' were being set up for the promotion of industrial sector where special incentives will be offered to the industrialists for setting up industries.
"Every possible step will be taken to promote investment and trade in the province while the existing Industrial Estates will also be developed to meet emerging needs," the CM said while chairing a high-level meeting, here in which different steps were reviewed to expedite the industrial process.
While addressing the meeting, the chief minister said that red-tapeism would not get in the way of establishing new industries. Instructions have been issued for industries' zoning and a committee has also been constituted which would submit recommendations in this regard.
Usman Buzdar observed that an accelerated process of industrialization will create new employment opportunities in the province. He reiterated that the PTI government was taking practical measures to ease the business processes and assured that investors would be fully facilitated.
He maintained that the business environment has been improved as the government is taking practical steps for the promotion of small and medium-scale industries. "Development of trade and industry boosts the national economy and hopefully the new industrial policy would prove a game-changer initiative for the development of the industrial sector in the province," he said.
Within the next few years, ample job opportunities would be available for more than 1.5 million trained human resource in Punjab, he added.
Provincial minister for industries Mian Aslam Iqbal, chief secretary, chairman P&D, secretaries of industries and finance departments and others attended the meeting.
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