OPF to develop 'Industrial estate' for overseas Pakistanis

Islamabad: The Overseas Pakistanis Foundation (OPF) is working to set up an industrial estate for overseas Pakistanis at Motorway (M-II) Chakri Interchange Rawalpindi to provide investment opportunities to overseas investors. In this regard, the Foundation had already signed Memorandum of Understanding with the government of Punjab.

Giving briefing, he said that the Industrial Estate will spread over 2000 acres on Pakistan Motorway. The Punjab government will acquire land for the project while OPF will develop and provide complete infrastructure facilities, he added.

Official said that Federal government would guarantee the provision of all basic utilities for the scheme like water, gas, electricity and telephone and also ensure similar incentives for this industrial estate as allowed to Chinese specific zone in the country. This estate will be developed on the pattern of Sundar Industrial Estate, Lahore with complete infrastructure facilities, he added.

To a question, he said the allotment of commercial plots in the scheme will be preferable to overseas Pakistanis up to a specified period, mutually agreed to be determined at the final agreement stage. Besides, the Foundation would workout a plan to establish the medical, engineering and IT colleges in the country to meet the basic needs of overseas Pakistanis, who have desired to educate their children in Pakistan.