RECORDER REPORT

LAHORE: United Business Group (UBG) central chairman Iftikhar Ali Malik on Thursday said that Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC) would bring industrial revolution in Pakistan.

He expressed these views while talking to a delegation of traders across here today. He said that the SEZs would help accelerate economic development besides attracting a great chunk of foreign direct investment (FDI) which will help generating new job opportunities. Pakistan has become a profitable land to do business because of government’s well-tailored and well-consulted policies, he added.

Malik said the federal government has announced an excellent economic package for increasing economic activities while Punjab government has given new industrial policy which will help to revolutionise the industrial sector. He said that the national economy and industrial sector were interlinked as the industrial growth helps in boosting the national economy.

He demanded of the government to establish a cottage industrial estate and a trade information portal to get trade related regulatory information on import-export which should connect the Pakistani business community to international markets. The cottage industry should also be housed in industrial estates of the province.