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33% Land in Allama Iqbal SEZ, Faisalabad Sold

Islamabad: Lieutenant General Asim Saleem Bajwa (retired), Chairman of the China-Pakistan Economic Corridor (CPEC) Authority, said on Monday that development work on the Allama Iqbal Special Economic Zone (SEZ) in Faisalabad is currently underway, of which 33% According to the news source, Landes has been sold to 69 investors.

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He officially announced these developments through his Twitter account, stating that the total land for sale in the Allama Iqbal Special Economic Zone is his 2,276 acres, of which 182 acres are owned by his seven foreign investors. It also revealed that it was purchased.

In addition, Bajwa explained that several domestic and foreign companies have already started construction of the project.

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In addition to the SEZ in Faisalabad, he further said that three SEZs will be set up at various locations within the county. These special economic zones are estimated to create up to 1.47 million jobs and boost local industries to achieve sustained economic growth. According to a senior Board of Investment (BoI) official, other SEZs under development include “Lashakay M-1 Nowshera, Dhaveji Tatta, Bostan and Balochistan.” He said these economies will create 475,000 direct jobs and over 1 million indirect jobs across Pakistan.  

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