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To announce industrial zone in Karachi – IG News

KARACHI: The federal government has announced the creation of a new industrial zone in Shar-e-Quaid, comprising 1,500 acres.

According to ARY News, Trade Adviser Abdul Zaq Dawood, Federal Minister for Economic Affairs Khusro Bakhtiar, Special Assistant to Prime Minister Imran Khan for Social Security and Poverty Alleviation Sania Nishtar addressed the conference in Karachi.

Addressing the function, the Federal Minister for Economic Affairs announced the creation of an industrial zone of 1,500 acres in Karachi.

He said that “the government has taken revolutionary steps to increase exports, the results of which are visible to all. Electricity and gas are needed to run the wheel of industry. This problem will be resolved soon.”

Trade Adviser Abdul Zaq Dawood said that the target for textile exports this fiscal year has been set at 20 20 billion while focusing on increasing exports of pharmaceuticals.

Special Assistant to the Prime Minister Sania Nishtar said that Rs 260 billion has been allocated for Ehsas program, subsidy on utility stores will start from next month, the amount of Ehsas program will be increased to Rs 13,000 from January.

On the other hand, Minister of State for Information and Broadcasting Farrukh Habib said that “the intention of the Prime Minister is clear, blessings are coming from Allah, the production of big industries increased by 68% in April”.

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