ISLAMABAD: Special Assistant to Punjab Chief Minister on Business, Investment and Trade Affairs Sardar Tanveer Ilyas Khan on Friday said the provincial government would extend all possible cooperation and facilitation to the Islamabad Chamber of Commerce and Industry (ICCI) for the establishment of a new industrial estate along the proposed Rawalpindi Ring or in the jurisdiction of Punjab.

The special assistant who is also chairman of Punjab Board of Investment and Trade said this while talking to a delegation of ICCI and Rawalpindi Development Authority (RDA) that met him in Lahore to discuss the setting up of an industrial estate and industrial zones along the ring road.

ICCI President Sardar Yasir Ilyas Khan, Industries, Commerce, Investment and Skills Development Department Punjab Secretary Dr Wasif Khursheed, RDA Chairman Tariq Mahmood Murtaza and others were present.

Ilyas Khan said the government would encourage and facilitate investors for making investment along the ring road while the Punjab Board of Investment will extend all possible assistance towards the establishment of an industrial estate as the main objective of the project was to bring progress and prosperity to the region.

he highlighted the importance of a new industrial estate in Islamabad region to promote industrialisation as the current industrial zones in the federal capital have reached their full capacity due to which setting up of new industrial units has become a problem for potential investors.

He said the ICCI wanted to develop a new industrial estate for Islamabad region in order to give boost to industrial activities.

He lauded the Punjab government for initiating consultation process with all stakeholders and said the ring road project would boost business and industrial activities in the region.

The RDA chairman said planning for industrial zones and commercial areas along the project would be done in consultation with Islamabad Chamber of Commerce and Industry and RCCI.

RDA Director General Ammara Khan gave a presentation about the proposed locations of industrial zones on the R3 project.

The representatives of RCCI said space should be provided for relocation of the wholesale market and cottage industry.

Published in Dawn, December 5th, 2020