Islamabad and Rawalpindi businessmen: Minister announces formation of a joint working group

Punjab Industries Minister Chaudhry Shafay Hussain has announced a joint working group bringing together the Islamabad and Rawalpindi chambers of commerce, Business Recorder reported. The group is intended to address business concerns and develop proposals for industrial growth, investment and cooperation between the two regions.

Hussain outlined Punjab measures including long-term leases for industrial land, or plots rented at Rs2 million per acre per month, alongside development projects in Faisalabad and Gujranwala. He said eight more factories had begun construction in the past eight months and invited Islamabad-based businesses to consider Punjab’s special economic zones and a planned industrial park near the Rawalpindi Ring Road. The minister also pointed to possible local production of electric-vehicle charging equipment and agricultural machinery.