A New Industrial City Soon to be Established in Faisalabad
Seeing the situation, Pakistani government has decided to set up modern industrial zones at the outskirts of major cities. Punjab is the first province to have established two Special Economic Zones (SEZs) in the private sector and five SEZ in the public sector, said Provincial Minister for Industries and Trade Mian Aslam Iqbal.
At the inaugural ceremony of "Hunarmand Nujawan Programme", he said, "Foreign investment to the tune of $2 billion has been witnessed in Faisalabad Industrial Estates." Industries of around $1 billion have been set up and agreements with foreign companies have been inked for $1 billion additional investment. The minister revealed that Prime Minister Imran Khan will inaugurate the Allama Iqbal Industrial City Faisalabad on January 3, 2020.
A target was set to impart technical education to 2.5 million children under the Punjab Growth Strategy 2023 and the Technical Education and Vocational Training Authority (Tevta) would impart trainings to 875,000 students under this strategy, he further added.
"Presently, Tevta trains 90,000 students every year and under the Hunarmand Nujawan Program, it will train additional 100,000 students annually," he said.