ProPropertyNewsFederal Govt Assures ICCI to Set Up Industrial Zone in Capital

Federal Govt Assures ICCI to Set Up Industrial Zone in Capital

The federal government has vowed to the Islamabad Chamber of Commerce and Industry (ICCI) to establish a new industrial zone in Islamabad.

According to the details, a delegation from the federal government shared words with the ICCI President and agreed to make him a member of the Capital Development Authority Board.

During the meeting, the representatives of the federal govt shared that the government aims to initiate corporate operations in the capital for which sustainable steps need to be taken.

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This includes the rehabilitation and restoration of the road’s infrastructure projects like the development of 11 new routes for Islamabad and the deployment of electric buses to cater to the traffic bottlenecks.

The meeting also stated that projects like the Barakahu Bypass and Rawal Road Interchange have improved the traffic flow many folds.

In addition to this, ICCI President, Ahsan Zafar Bakhtwri, requested the government to decrease the district collector rates for land prices in the city in order to promote the construction industry.

It is important to note that the federal capital’s industrial zone is part of the China-Pakistan Economic Corridor (CPEC) project that focuses more on hi-tech, IT, and such industries.

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