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Pakistan plans to establish Special Technology Zones

Provincial Minister for Industries, Commerce and Investment Mian Aslam Iqbal said that Pakistan government has planned to establish Special Technology Zones in order to promote Information Technology (IT) and enhance its exports.

Addressing the 35th Annual General Meeting of Pakistan Textile Exporters Association (PTEA), the minister said that the government had provided business-friendly environment in addition to incentives and subsidies to the industrialists, exporters and business community which resulted out economic growth in the country.

He said that today was the era of information technology. Therefore, the government will establish special technology zones in the country.

The present government also had set up special zones which not only promoted economic activities in the country but also fetched huge foreign investment for Pakistan.

These zones also provided job opportunities to millions of unemployed workers of the country, he added.

He said that the government was trying its best to fully implement the textile policy mentioned in the manifesto.

In this connection, various steps had been taken to drag out textile sector from the crisis. He said that there was a time when looms were being sold.

Now a policy was being formulated to improve cotton production in the country so that loom sector could be saved from total collapse.

He said that the PTI government started work on special economic zones.

“We also promoted this idea at private sector level”, he said, adding that Special Zone Authority was being formed according to the vision of Prime Minister Imran Khan. Draft of this authority was under discussion in the upper house (Senate) while it would start working after its approval.

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