SHEIKHUPURA: The completion of Rachna Industrial Park serves as a testament to the unwavering commitment of our government and 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.
This was stated by Rana Tanveer Hussain, Federal Minister for Industries and Production and National Food Security. He 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 Minister said that industrial parks and special economic zones are crucial for economic development of Pakistan. “The true measure of our success lies in sustainable development, which has positive effects on our economy and society,” he said and added the interdependence of industrial and national development, stating that a thriving industry leads to a stable economy.
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.
The Minister 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,” he said and 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.
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