$18 billion export target to be attained: minister

10 Aug, 2006

Punjab Minister for Industries, Commerce and Investment Muhammad Ajmal Cheema said on Wednesday the government would be succeeded in attaining 18 billion-dollar export target during current fiscal year. "Pakistan has become ideal for foreign investment and renowned multi-national companies have agreed to invest here," he told newsman.
During an informal chat here, the minister said the tax system had been transparent, besides reducing export duties. He said the economy was progressing rapidly, privatisation policy was going on very successfully and many other state owned institutions like Pakistan State Oil (PSO), State Life Insurance Corporation would be privatised in the next few month.
He further said the government was paying full attention on road infrastructure besides industrial progress and for this purpose the work on Lahore, Sialkot Motorway was being started this month and total cost of this project would be Rs 14 billion. "Small industrial estates will be built along with Motorway," he added.
Cheema said that modern industrial estates were being built near Sundar, Lahore and Faisalabad under public-public partnership programme and facilities of international standard were being provided to industrialists there.

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