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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

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

Preferred industries

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

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

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

Project Launch

Quaid-e-Azam Business Park Sheikhupura has been officially launched on 18th july 2020.Its groundbreaking done by prime minsiter Imran Khan[6]

References

  1. ^ https://pie.com.pk/quaid-e-azam-business-park
  2. ^ https://dunyanews.tv/en/Pakistan/555014-Quaid-e-Azam-Business-Park-to-go-a-long-way-in-boosting-industrializatio
  3. ^ https://www.zameen.com/blog/quaid-e-azam-business-park-sheikhupura-updates.html
  4. ^ https://dailytimes.com.pk/575759/over-300-firms-want-to-set-up-industrial-units-in-qabp/
  5. ^ https://thebusiness.com.pk/quaid-e-azam-apparel-park-to-be-converted-to-multi-facet-business-park/
  6. ^ https://tribune.com.pk/story/2255520/lack-of-long-term-policies-by-previous-govts-holding-pakistan-back-pm-imran
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