- Federal Minister inaugurates Rachna Industrial Park
- Industrial parks and SEZs crucial for economic development of Pakistan
- Collaboration between government, industries essential for sustainable development
LAHORE (ABC): Federal Minister for Industries and Production and National Food Security Rana Tanveer Hussain has said that industrial parks and special economic zones are crucial for economic development of Pakistan.
Federal Minister Rana Tanveer Hussain inaugurated the Rachna Industrial Park in Sheikhupura on Monday. Addressing the ceremony on the occasion, the federal 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,” said Rana Tanveer. He also stressed on the interdependence of industrial and national development, stating that a thriving industry leads to a stable economy.
The completion of Rachna Industrial Park serves as a testament to the unwavering commitment of our government, according to Federal Minister Rana Tanveer. The park holds strategic importance in the China-Pakistan Economic Corridor, 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 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.
Federal Minister Rana Tanveer Hussain underscored the government’s focus on agriculture and industry to boost exports and strengthen the economy. He 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 Muslim League-Nawaz government, and the country is on the path to economic progress through sound economic policies.
Federal Minister Rana Tanveer 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.