ICCI tasked with finalizing location for Islamabad industrial estate
May 18 news reports that the Islamabad Chamber of Commerce and Industry (ICCI) has been requested to finalize one of the proposed sites for the establishment of an industrial estate in the capital city.
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In his address to the business community at ICCI, Punjab Industry and Commerce Minister S.M Tanveer stated that the Punjab Industrial Estate Management and Development Company has identified four sites for the establishment of the industrial estate by ICCI. Nonetheless, it will be completed by the ICCI.
In the same meeting, Punjab Excise and Communications Minister Bilal Afzal informed attendants that funds for the rehabilitation of Kahuta Road have been released. In addition, it was specified that 2,600 kilometers of roads leading to various industrial estates will be repaired. He requested that the business community submit their concerns regarding the excise and communications department through their respective chambers, and that every endeavor would be made to address them.
At the meeting, the establishment of an industrial territory surrounding Islamabad, including the Kahuta region, was discussed. Cabinet members of Punjab opined that the private sector should promote industrialization to increase exports and improve foreign exchange earnings. President of the ICCI Ahsan Zafar Bakhtawari suggested formulating 10-year economic policies to promote business and investment more effectively.