The Government of Punjab has announced a Rs. 30 billion development program to upgrade and modernize industrial estates across the province, aiming to strengthen industrial infrastructure and improve ease of doing business for local and foreign investors.
According to officials from the Punjab Industrial Estates Development and Management Company (PIEDMC), the funds will be used to improve roads, power supply, water systems, and waste management facilities in existing industrial zones.
“This initiative will enhance industrial productivity, create thousands of jobs, and help local manufacturers become more competitive in the export market,” said a senior official of the Punjab government.
The modernization plan will initially focus on Sundar, Faisalabad, Multan, and Gujranwala industrial estates, followed by the development of new special economic zones under the Punjab Growth Strategy 2025.
Industry experts say the investment is a timely move that could revitalize Pakistan’s manufacturing sector, attract foreign direct investment, and strengthen public-private partnerships across Punjab.
