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Rs7 5bln spent to complete phase 1 of industrial city

July 29, 2021 LAHORE: The first phase of Allama Iqbal Industrial City has been completed in Punjab under the China-Pakistan Economic Corridor (CPEC) at a cost of Rs7.5 billion, a statement said on Wednesday. Faisalabad Industrial Estate Development and Management Company (FIEDMC) Chairman Mian Kashif Ashfaq said Prime Minister Imran Khan has expressed satisfaction over the pace of development of this project. The PM has also directed Federal Minister Mian Hammad Azhar, advisor to PM on Commerce Razak Dawood, and Punjab Industries Minister Mian Muhammad Aslam Iqbal to ensure provision of basic infrastructure, including gas, electricity, roads, civic centre etc as a top priority before the project’s execution.

FIEDMC determined to promote investment culture despite COVID-19: Mian Kashif

FIEDMC determined to promote investment culture despite COVID-19: Mian Kashif Incumbent government committed to ‘comprehensive solutions for sustaining economic growth’ July 26, 2021 Chairman Faisalabad Industrial Estate Development and Management Company (FIEDMC) Mian Kashif Ashfaq on Sunday said that as the world was grappling with the economic fallout of the coronavirus pandemic, Pakistan was turning the challenge into a prospect for greater economic gain through promoting stronger trade links with regional countries under the guideline of Prime Minister Imran Khan’s vision. Presiding over a meeting of senior executives of FIEDMC through webinar from the camp office, he said Pakistan was looking to the COVID-19 outbreak to offset some of its longstanding economic problems and remodel domestic resource distribution as it attracts significant foreign investment to boost an ailing economy.

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