Punjab cabinet approves Rs1.995 trillion industrial development programme, targets over 162,000 jobs

Punjab’s cabinet has backed a Rs1.995 trillion industrial and export programme intended to create more than 162,000 jobs, Profit by Pakistan Today reported. The provincial government is expected to provide Rs1.089 trillion, with private investors contributing Rs906 billion. The plan covers industrial growth, export promotion, e-commerce, garments, testing services and facilities ready for businesses to use.

Measures also include agricultural processing parks in four districts, horticulture authorities in 20 districts and subsidies for 10,000 high-powered tractors. The cabinet approved Rs60 billion for the Bank of Punjab to issue 40,000 loans under the Apni Chhat, Apna Ghar housing programme. Other approvals include 1,500 electric buses and various education, healthcare and recruitment initiatives.