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Tuesday, September 21, 2021

'Lahore-Gujranwala motorway to improve connectivity of local, regional industries' - Profit by Pakistan Today

Last updated Sunday, September 5, 2021 11:14 ET , Source: TopWireNews

ISLAMABAD: Gujranwala Chamber of Commerce and Industry (GCCI) President Umar Ashraf Mughal on Sunday said that the Lahore-Gujralwala Motorway, costing Rs6 billion, will play a vital role in connecting the local industrial zone to the rest of the industrial cities of the country with highways and other routes.
He said that Gujranwala and Sialkot, the two biggest industrial cities of the country, would also be connected with the completion of this motorway, which would be mutually beneficial to the industrial units at the local level.
Mughal said that Gujranwala has huge potential for light and heavy engineering goods at local level which can increase domestic exports.
He said that by increasing production in the engineering goods and steel industry in Gujranwala, “we need to attain the objective Ease of Doing Business (EODB) for lowering the cost of doing business to achieve competitiveness in the international market.
“Modern machinery and high-tech labor can also increase our industrial production, which is likely to increase employment opportunities at the local level,” he said, adding that the city has huge potential to boost local industrial growth, which could also improve the country’s economy.
He said that engineering goods currently account for 51 per cent of global exports, where there are huge opportunities to grow our exports.
About Gujralwala’s auto industry, he said locally manufactured auto-rickshaws and motorcycles are exported to foreign markets, especially...



Read Full Story: https://profit.pakistantoday.com.pk/2021/09/05/lahore-gujranwala-motorway-to-improve-connectivity-of-local-regional-industries/


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