Govt mulls establishing cottage business parks

ISLAMABAD: A proposal to set up cottage business and resident parks to promote small and medium businesses was tabled during a high-level meeting presided over by Prime Minister Imran Khan on Wednesday.

The PM was briefed that in the first phase, cottage business parks will be established in ten districts of Punjab to promote small and medium businesses, which would be gradually extended to other districts as well.

Meanwhile, reviewing the progress on special economic zones (SEZs) in Punjab and Khyber Pakhtunkhwa, the PM said that the government was committed to resolving problems of the business community and that ease of doing business and provision of all possible facilities to the business community were among the top government priorities.

The prime minister said that the economic zones would create business opportunities and help boost economic activities in the country.

He directed the federal and provincial departments to expedite work on the economic zones and remove all the hurdles in this regard.

Punjab and KP chief ministers, Federal Power Minister Omar Ayub Khan and Advisor to Prime Minister on Commerce Abdul Razak Dawood were present in the meeting.

The prime minister was informed that work on Allama Iqbal Industrial City, Faisalabad, would be completed by the end of this year, that on Quaid-e-Azam Apparel Park and Bahawalpur Industrial Estate would be completed by March next year, while work on Rashakai Economic Zone would be completed by June next year.

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