Govt to set up capital industrial estate in Islamabad

Islamabad - Govt to set up capital industrial estate in Islamabad

ISLAMABAD: The business community of the capital of Pakistan has been assured that after the passage of the Rent Control Act for Islamabad from the Parliament the government is committed to setting up a Capital Industrial Estate (CIE) with the collaboration of the Islamabad Chamber of Commerce and Industry (ICCI) to create jobs and promote industrialization.

Federal Minister for Planning and Development Asad Umar expressed these views while visiting the ICCI on Friday and congratulated the traders on the enactment of an amended rent restrictions bill into law.

He further expressed that Capital Development Authority (CDA) will purchase the land for the Federal Industrial Estate saying the Ministry of Commerce will support this project whereas the ICCI would have managed its maintenance & operations and the project would be executed on a public-private partnership model.

He said that a Special Technical Zone would also be set up in Islamabad to promote the IT sector, adding the present government has also initiated various other important projects for Islamabad including repair and expansion of roads, constructions of bridges, and underpasses, Bara Kahu bypass, etc.

He said a new water supply project would start soon to supply 100-million-gallon water per day from Ghazi Brotha Dam. He said a 50 percent job quota has been made available for Islamabad for 6 to 15 scales and jobs were now being advertised.

On the occasion, Ali Nawaz Nawaz, Special Assistant to PM on CDA Affairs also congratulated traders for resolution of their longstanding issue of rent control act and said that many new initiatives were in the pipeline for the better development of the federal capital.

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