Quaid-e-Azam Business Park Sheikhupura explained

Quaid-e-Azam Business Park Sheikhupura (Urdu: {{Nastaliq|قائد اعظم بزنس پارک شیخُوپُورہ ) is an industrial area being developed by the Punjab government. Previously it was named Quaid-e-azam Apparel Park; the name was changed in November 2019.[1] The Chief Minister of the Punjab, Sardar Usman Ahmad Khan Buzdar said that the Quaid-e-Azam Business Park in Sheikhupura will go a long way in boosting industrialization in Pakistan and it would create approximately half million jobs while a labour colony will also be built in the Quaid-e-Azam business park at the land of 200 acres[2]

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Location

This business park is spread over 1536 acres of land located on the M2 Lahore-Islamabad Motorway near Sheikhupura.

Preferred industries

Twelve industries are nominated as preferred industries for this industrial area: manufacturing services, auto parts, pharmaceuticals, chemicals, light engineering, plastics, information technology, electronics, food and beverages, logistics, mobile manufacturing and warehousing.[3]

Development status

Ex Prime Minister of Pakistan Imran Khan was scheduled to inaugurate the business park in March 2020, but this was delayed due to the COVID-19 pandemic. Punjab Industrial Estates Development and Management Company (PIEDMC) claims that more than 300 national and multinational companies have shown interest in establishing industrial units in the business park.[4]

Economic zone status

This business park has been declared a special economic zone by the Pakistani government.[5]

Project Launch

Quaid-e-Azam Business Park Sheikhupura has been officially launched on 18th July 2020. Its groundbreaking was done by Prime Minister Imran Khan.[6]

Notes and References

  1. Web site: PIEDMC - Punjab Industrial Estate Development and Management Company.
  2. Web site: Quaid-e-Azam Business Park to go a long way in boosting industrialization: CM.
  3. Web site: Did You Catch the Official Launch of Quaid-e-Azam Business Park, Sheikhupura?.
  4. Web site: Over 300 firms want to set up industrial units in QABP. 13 March 2020.
  5. Web site: Quaid-e- Azam Apparel Park to be converted to multi facet Business Park. 8 November 2019.
  6. Web site: Lack of long-term policies by previous govts holding Pakistan back: PM Imran. 18 July 2020.