Ravi City Project to Generate PKR 1,000 Billion Activity
Lahore: According to a news report, the Prime Minister was informed at a meeting of the Central Business District Authority and the Ravi Urban Development Authority that the development project, which spans 15,000 acres of land, will create Rs 1,000 billion in economic activity this year.
The government informed the meeting’s PM that it anticipated that the Sapphire Bay project will bring in PKR 25 billion in income. The PM presided over the meeting. The same initiative is anticipated to produce PKR 150 billion in economic activity.
Moreover, it was predicted that additional developments at Ravi City will increase its revenue by Rs 130 billion and increase its economic activity by Rs 750 billion to Rs 900 billion. Major colleges will have campuses in Ravi City, according to the government.
The conference attendees were informed that the Young Leadership Program, under which 25,000 applications were received for job openings, had been launched. Meanwhile, projects would be launched on vacant land by Pakistan Railways and the Central Business District Authority.
Since the project would create jobs and stimulate the economy, the PM urged the authorities to finish it on schedule. In addition to this, the project would lessen Lahore’s population burden by providing future inhabitants with facilities of a high international grade.
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