Faislabad, 8 January 2022 (TDI): 132KV Grid terminal and Gas supply route were set in motion by Federal Minister Hamad Azhar at Allama Iqbal Industrial City (AIIC) on Friday.
At the ceremony, Chief Executive Officer (CEO) Faisalabad Electric Supply Company (FESCO) Engineer Bashir Ahmad narrated that the power stations in Allama Iqbal Industrial City (AIIC) had been effectuated at a face value of Rs. 375 million yet Rs. 600 million was consumed on the grid station at M-3 Industrial Complex.
Allama Iqbal Industrial City (AIIC) is the precedence of a special economic zone and is evolved on more or less 3217 acres. It has an ascendency for conjoining to the M-3 Industrial Complex which comprehends the great number of ventures counting as fabric complexes, medicaments, drug motorized, service complex, telecommunications, etc.
Lately, in December, Chinese financers visited the FIEDMC and mustered with the Chairperson FIEDMC Zafar Iqbal along with Board Director FIEDMC Asif Ali Tipu.
Zafar Iqbal Sarwar commented that these power stations would assist FIEDMC to impart contemporary linkages to natives as well as foreign investors.
The multi-billion-dollar China Pakistan Economic Corridor (CPEC) propounds monumental moments for Beijing along with Islamabad to undertake the region as a fulcrum of monetary opportunities.
Chairperson All Pakistan Textile Processing Mills Association (APTPMA) Hafiz Ehtisham Javed and others were also present at the ceremony. Prime Minister Imran Khan laid the foundation of the Allama Iqbal Industrial City in 2020 this Industrial Complex was a milestone for the pace of Industrialization.
Faisalabad is going to observe a huge transformation in the provision of industrialization through Allama Iqbal Industrial City.
The objective beyond the establishment of this city is to ease Chinese funding under the numerous vitalities of the China Pakistan Economic Corridor (CPEC).
The undertaking is narrated to be amid the three most significant ventures in Pakistan to be completed on a preference basis. The two other undertakings are Rashakai Economic Zone and China Special Economic Zone Dhabeji.
Gradually, evolution on CPEC, operation of power, expansion of Special Economic Zones (SEZs), Gwadar, and western course are in progress. Moreover, the corridor has uplifted bilateral transactions between Pakistan and China with a yearly amplification rate of 18.
8% apotheosizing upgrading B2B joint effort and man-to-man exchanges.
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