Quaid-e-Azam Business Park Sheikhupura

Quaid-e-Azam Business Park SheikhupuraUrdu: قائد اعظم بزنس پارک شیخُوپُورہ ‎ is an industrial area being developed by the Punjab government. Previously it was named Quaid-e-azam Apparel Park; the name was changed in November 2019.[1] It is predicted that it will create 100,000 jobs in the next five years.[2]

Location

This business park is spread over 1536 acres of land located on the M2 Lahore-Islamabad Motorway near Sheikhupura.

Preferred industries

Twelve industries are nominated as preferred industries for this industrial area: manufacturing services, auto parts, pharmaceuticals, chemicals, light engineering, plastics, information technology, electronics, food and beverages, logistics, mobile manufacturing and warehousing.[3]

Development status

Prime Minister of Pakistan Imran Khan was scheduled to inaugurate the business park in March 2020, but this was delayed due to the COVID-19 pandemic. Punjab Industrial Estates Development and Management Company (PIEDMC) claims that more than 300 national and multinational companies have shown interest in establishing industrial units in the business park.[4]

Economic zone status

This business park has been declared a special economic zone by the Pakistani government.[5]

Project Launch

Project inauguration was planned in March 2020 by PM Imran Khan however it was postponed due to Covid-19 pandemic.Now its soft launch has been planned by punjab government which will be done in coming days[6][7]

References
  1. https://pie.com.pk/quaid-e-azam-business-park
  2. http://enggpost.com/quaid-e-azam-business-park-will-create-100000-jobs-for-the-people-of-punjab/
  3. https://www.zameen.com/blog/quaid-e-azam-business-park-sheikhupura-updates.html
  4. https://dailytimes.com.pk/575759/over-300-firms-want-to-set-up-industrial-units-in-qabp/
  5. https://thebusiness.com.pk/quaid-e-azam-apparel-park-to-be-converted-to-multi-facet-business-park/
  6. https://www.zameen.com/news/punjab-govt-prepares-soft-launch-quaid-e-azam-business-park.html
  7. https://www.globalvillagespace.com/punjab-govt-planning-early-launch-of-quaid-e-azam-business-park/
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