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Quaid-e-Azam Business Park Sheikhupura

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Quaid-e-Azam Business Park Sheikhupura (Urdu: قائد اعظم بزنس پارک شیخُوپُورہ ) is an industrial area being developed by the Punjab government. Previously it was named Quaid-e-azam Apparel Park; the name was changed in November 2019.[1] The Chief Minister of the Punjab, Sardar Usman Ahmad Khan Buzdar said that the Quaid-e-Azam Business Park in Sheikhupura will go a long way in boosting industrialization in Pakistan and it would create approximately half million jobs while a labour colony will also be built in the Quaid-e-Azam business park at the land of 200 acres[2]


Location

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This business park is spread over 1536 acres of land located on the M2 Lahore-Islamabad Motorway near Sheikhupura.

Preferred industries

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Twelve industries are nominated as preferred industries for this industrial area: manufacturing services, auto parts, pharmaceuticals, chemicals, light engineering, plastics, information technology, electronics, food and beverages, logistics, mobile manufacturing and warehousing.[3]

Development status

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Ex Prime Minister of Pakistan Imran Khan was scheduled to inaugurate the business park in March 2020, but this was delayed due to the COVID-19 pandemic. Punjab Industrial Estates Development and Management Company (PIEDMC) claims that more than 300 national and multinational companies have shown interest in establishing industrial units in the business park.[4]

Economic zone status

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This business park has been declared a special economic zone by the Pakistani government.[5]

Project Launch

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Quaid-e-Azam Business Park Sheikhupura has been officially launched on 18th July 2020. Its groundbreaking was done by Prime Minister Imran Khan.[6]

References

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  1. ^ "PIEDMC - Punjab Industrial Estate Development and Management Company".
  2. ^ "Quaid-e-Azam Business Park to go a long way in boosting industrialization: CM".
  3. ^ "Did You Catch the Official Launch of Quaid-e-Azam Business Park, Sheikhupura?".
  4. ^ "Over 300 firms want to set up industrial units in QABP". 13 March 2020.
  5. ^ "Quaid-e- Azam Apparel Park to be converted to multi facet Business Park". 8 November 2019.
  6. ^ "Lack of long-term policies by previous govts holding Pakistan back: PM Imran". 18 July 2020.
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