Poverty Can Be Reduced Through Industrialization : PM
Prime Minister Imran Khan has reiterated that the Countrys riddance of poverty is only possible by doing away with the Anti-Investor mindset and promoting the wealth creation through Industrialization.
Addressing the groundbreaking ceremony of Allama Iqbal Industrial City of Faisalabad being established under China Pakistan Economic Corridor, the Prime Minister said Pakistan would follow the successful Chinese Model of allowing the wealth creation that had made the Country steer its around 700 million people out of poverty within three decades.
The project is one of nine special economic zones planned under china Pakistan Economic Corridor Industrial Cooperation Framework.
Out of nine, three have been declared as prioritized Special Economic Zones by the governments of Pakistan and China including Allama Iqbal Industrial city of Faisalabad, Rashakai SEZ in KPK and Dhabajee Sez in Sindh.
the project is expected to create 300,000 jobs for the people of Punjab in next five years and would attract approximately Rs 400 billion investment in automobiles, value added textiles, Engineering, Pharmaceuticals, Food Processing, Chemicals, Construction Materials, FGCG and packaging sectors.
Prime Minister Imran Khan also inaugurated first shelter home for homeless people in Faisalabad.
The Prime Minister visited different parts of the shelter home and inspected the facilities being provided there. He was also briefed about the facilities.
The Prime Minister joined the settlers of the shelter in Meal.
On the occasion, a memorandum of understanding was also signed for running the shelter home.