Prime Minister Shehbaz Sharif has laid the foundation stone of Islamabad Model Special Economic Zone.
The zone is under CPEC at T chowk near Rawat and is first such facility in the federal capital.
Spanning over one thousand acre prime industrial land at the junction of N-5 and Islamabad Expressway, the zone will have investment worth 2.5 billion dollars and will create one thousand new employment opportunities. Besides, it will have low carbon footprint industry in the country.
Addressing the ceremony, Prime Minister Shahbaz Sharif said the country is faced with daunting challenges but together we will overcome these.
He said we must agree on a charter of economy to ensure continuity of policies for a stable economy.
The Prime Minister lamented the delay in CPEC projects during the last four years of PTI tenure.
Earlier, Minister for Planning and Development Ahsan Iqbal said the Special Economic Zones will be power houses for generating exports and increasing them to 100 billion dollars in next few years.
He said we have talked to China for exchange of expertise to successfully run these Special Economic Zones.
