Launch of Sheikhupura’s “Quaid-e-Azam Business Park” Economic Zone held

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A soft launch ceremony of Quaid-e-Azam Business Park, another CPEC’s Special Economic Zone (SEZ) located in Sheikhupura. held in Lahore today, by PM of Pakistan.

The launch of Quaid-e-Azam Business Park was due on the 28th March, 2020, only a few weeks after the Prime Minister inaugurated another special economic zone (SEZ) near Faisalabad (Jan, 2020). This SEZ, Allama Iqbal Industrial City, was developed by Faisalabad Industrial Estate Development and Management Company (FIEDMC) under the stewardship of its chairman, Mr. Mian Kashif Ashfaq.

However, the expected launch of Quaid-e-Azam Business Park (QBP) on March 28th was delayed due to the outbreak of COVID-19 in Pakistan. Crisis situation and government’s own SOPs of social distancing did not allow on-site inauguration with large gatherings.

Previously it was named “Quaid-e-Azam Apparel Park”; the name was changed in November 2019.

This time, PM Imran Khan will performa soft launch in Lahore rather than visiting the site.

Significance of the Soft launch of Quaid-e-Azam Business Park (QBP)

Out of the total 1300 acres, 10-15 acres have been sold even before the formal launch, while the rest is expected to sell quickly after the inauguration. However, the land is still to further developed for effective colonisation. This inauguration, in the form of “Soft launch by PM” will provided formal endorsement of the federal government. This will allow all the federal and provincial departments to work in tandem to develop the land by expediting the  delivery of basic utilities like gas, electricity, water, internet, access roads and security.

Once completed as per its envisaged master plan and business concept, QBP can attract investments of around Rs 250 billion. Its Master plan shows a total spread of around 1900 acres – including a 200-acre labor colony which will house 30,000 people.

According to QBP master plan, if we take off the 27-28 acres of Bhamb village then QBP’s envisaged structures will be spread over around 1859 acres of land. It is thus bigger than Sundar Industrial Estate near Lahore. Sundar was also developed by PIEDMC during the Musharraf and Pervaiz Elahi government.

If QBP is developed as per its initial master plan then Industrial Area will take around 1300 acres (70% of land), inside connecting roads and passages will take around 411 acres (around 22%), Parks will be spread on around 48 acres (3% of land), Amenities on 88 acres (around 5%) and other commercial areas will be on around 10 acres (0.5% of total land).

All in all, the “Quaid-e-Azam Business Park” offers 653 industrial plots ranging from 0.5 acres to more than 4 acres. This is to accommodate the vast variety of industries ranging from mobile phone manufacturing, chemicals, plastic to auto parts, electronics and logistics.

Ideal location of Quaid-e-Azam Business Park (QBP)

QBP location was chosen to optimise connectivity to the nearest railway station, dry port and airport with the seamless provision of utilities being promised. The business park is a mere 6 KM from the nearest railway station, 42 KM from the nearest dry port (Lahore) and 55 KM from the nearest airport (Lahore). A government technical and vocational training institute exists nearby in Sheikhupura, mere 15 Km’s away, which ensures a steady supply of skilled labour will be made available.

Salient Features of Project:
▪ Smart Special Economic Zone
▪ 10 Years Tax Break for investors
▪ Development by Govt
▪ 1,300 Acres area
▪ 2 Billion USD investment potential
▪ 5 Lac Direct and Indirect Jobs
▪ One window Operation
▪ 12 Industries

Interested industrialists from China, Middle East and Pakistan have already approached the management for investments and acquisitions of land in the business park (QBP).

Setting Up of ICT Model Industrial Economic Zone in Islamabad near New Islamabad Airport will commence soon

 

 

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