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January 26, 2014

Plan to establish Islamabad Industrial Park

By Noor Aftab (The News)

Ministry of Finance is giving a serious thought to a proposal for establishment of Islamabad Industrial Park near Motorway, M-2, on a land measuring 5,000 kanals at a cost of Rs13.2 billion that would have 380 developed plots of one acre each for industry and 25 acres of developed plots for commercial operations, the sources said here on Saturday.Read More »Plan to establish Islamabad Industrial Park

Pakistan needs seven percent growth rate for survival

Pakistan’s economic condition is on the verge of collapse and in order to survive, it needs a growth rate of seven percent over the next few years as against the present three to four percent, reads a paper prepared by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI).

FPCCI has presented this study to the government in response to the Vision 2025 prepared by the Planning Commission for the revival of the economy. The report has been prepared by the Research and Development wing of the premier trade body of the country and says that future challenges can only be safeguarded against if the country has a double digit growth rate.Read More »Pakistan needs seven percent growth rate for survival