Turkish companies keen to invest in Allama Iqbal Industrial City

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LAHORE: Turkish companies are keen to invest in Allama Iqbal Industrial City, a prioritized Special Economic Zone of Faisalabad Industrial Estate Development and Management Company (FIEDMC) under CPEC. A Turkish delegation Tuesday visited the FIEDMC camp office and both sides discussed issues for improvement in various sectors and projects. FIEDMC Chairman Mian Kashif Ashfaq briefed the delegation and apprised them of the investment opportunities and incentive packages being offered to the investors. He said on this occasion that the cordial relations between Turkey and Pakistan should now be transformed into strong trade and economic ties and believed that both countries have immense potential to complement each other in terms of bilateral trade. “But for this to happen, better connectivity between the private sectors of both countries is needed,” he added. He said that the development work on Special Economic Zones including Allama Iqbal Industrial City of FIEDMC is speedily being done while government was providing attractive incentives to investors for investing in SEZs. INP