Punjab cabinet approves Rs1.995trn industrial and export programme

Punjab’s cabinet approved an industrial and export initiative involving Rs1.995 trillion in investment and expected to generate more than 162,000 jobs, Business Recorder reported. The programme combines Rs1.089 trillion from the provincial government with Rs906 billion from private-sector sources, and covers industrial infrastructure, export competitiveness, agriculture mechanisation and support for existing industries.

The plan also includes processing parks in four districts, facilities for garments and other industries, and export financing for horticulture and floriculture. Separately, the cabinet approved Rs9.5 billion for 10,000 high-powered tractors and Rs7.6 billion for agricultural improvements across 10,000 acres in Thal. Under the Apni Chhat, Apna Ghar housing scheme, the Bank of Punjab will provide 40,000 loans backed by Rs60 billion.