Friday, December 3, 2021

PM Imran approves plan to establish new commercial city in Islamabad

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ISLAMABAD: Prime Minister Imran Khan has approved a plan on Monday to develop a commercial city named ‘New Blue Area’ within the limits of federal capital Islamabad, ARY NEWS reported.

The government has allocated a 170 canal land infront of F-9 Park in the capital city for the project. The commercial city project will be developed on international standards and the government would be able to generate an initial revenue of upto Rs 30 billion from it.

Some of the revenue generated from the project would be utilized for the Naya Pakistan Housing project aimed at building low cost housing units for poor and low income groups.

The commercial city project would not only expedite economic activities in the federal capital but would also help generate employment and promote construction sector.

Basic facilities provided to the residents of Islamabad would also witness an improvement under the project. The project would also saw doubling of the commercial space within the city.

On February 07, the Prime Minister Imran Khan chaired a meeting on Information Technology, where it was decided to establish a software city in Islamabad and take software-related exports of the country to US$ 10 billion.

During the meeting, it was decided to strengthen the country in the Information Technology sector likewise other countries of the region.

The meeting took key decisions to improve IT exports and spread the span of the sector to all parts of the country.

Read More: PM Khan says provision of electricity at reasonable rate is govt’s top priority 

It was decided to digitally connect the cities using telephone towers across the country other than completing bandwidth and fibre optic process on an immediate basis.

Aimed at improving the software exports, the government decided to introduce a relief package for the small-scale software exporters.

The establishment of a software city spanning over 40 acres of land in the federal capital was also approved, where facilities would be provided to exporters.

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