Punjab Industrial Estate (PIE) Chairman S M Tanveer has said that the industrial estate in Bhalwal will increase about eight to 10 billion rupees annually in the overall gross national product (GNP) and create over 50,000 jobs directly and 2.5 million indirectly with the completion of this project.
He was addressing an opening ceremony of the Bhalwal Industrial Estate in Bhalwal, says a press release issued here. S M Tanveer informed the participants that the Punjab Industrial Estate, through its own resources, has started work on two modern industrial estates in Southern Punjab and one in Central Punjab. In Southern Punjab, one industrial estate is being developed in Rahimyar Khan and the other in Multan as Phase-II, while Central Punjab will have the state-of-the-art (industrial) estate in Bhalwal. "All these three industrial estates are being developed in line with the vision of Shahbaz Sharif," he said, adding that the Punjab Industrial Estate has made the concept of public private partnership successful as it was completing projects without financial support from the government institutions.
The PIE chairman told the participants that 350 industrial plots would be established, as the Bhalwal Industrial Estate will consist of 500 acres. After its creation the Punjab Industrial Estate has established only one industrial estate, while work on three industrial estates has been started under the dynamic leadership of Chief Minister Mian Shehbaz Sharif, he said.
He also said that the feasibility on eight new industrial estates was completed and the Punjab Industrial Estates will definitely complete dream of the Chief Minister to have an industrial estate in each districts of the province. Pakistan would earn more foreign exchange after completion of the Bhalwal Industrial Estate, he said.
Member of Punjab Assembly (MPA) Arifa Khalid, who is also director of the Punjab Industrial Estates, said that the present government is committed in its policy to give more job opportunities to the people, millions of people will get jobs directly and indirectly after completion of industrial estates in Punjab.
She said that the Punjab Industrial Estate would support industrial vision of Punjab Chief Minister Mian Shehbaz Sharif in true spirit. She said that the new industrial estates will be beneficial not only in the increase of gross national product but also to create more jobs for general public.