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Industrial parks, SEZs crucial for economic development of Pakistan: Rana Tanveer

Federal Minister for Industries and Production and National Food Security Rana Tanveer Hussain has said that industrial parks and special economic zones (SEZs) are crucial for economic development of Pakistan.

He said this while inaugurating the Rachna Industrial Park in Sheikhupura on Monday, according to a statement issued here. The Minister highlighted the importance of economic zones in transforming economies around the world and leading nations towards prosperity.

He emphasized that industrial development plays a significant role in shaping the economic landscape of the country. “The true measure of our success lies in sustainable development, which has positive effects on our economy and society,” he added.

The Minister also stressed on the interdependence of industrial and national development, stating that a thriving industry leads to a stable economy.

He said completion of Rachna Industrial Park serves as a testament to the unwavering commitment of our government, adding that the park holds strategic importance in the China-Pakistan Economic Corridor (CPEC), as it is located near the M2 and M5 motorways, serving as a gateway to enhance trade and cooperation between the two countries.

Rana Tanveer Hussain highlighted the role of the private sector in driving economic growth, stating that close collaboration between government and private industries is essential for sustainable development.

He also mentioned that industrial development boosts foreign investment and enhances the country’s export capacity. He underscored the government’s focus on agriculture and industry to boost exports and strengthen the economy.

The Minister stated that the government has taken concrete steps to improve agricultural productivity and provide quality seeds and fertilizers to farmers.

“Our government does not believe in spreading negativity and hatred, but in taking practical steps towards economic prosperity,” said Rana Tanveer.

He emphasized that sustainable development is the top priority of the Pakistan Muslim League-Nawaz government, and the country is on the path to economic progress through the sound economic policies.

The Minister reiterated the government’s commitment to the China-Pakistan Economic Corridor, stating that it will be a game-changer in strengthening the country’s economy.

He emphasized that CPEC will play a vital role in making Pakistan economically resilient and prosperous.