The provincial government of Punjab is in the process of developing an industrial area known as Quaid-e-Azam Business Park Sheikhupura. Until November 2019, it was known as Quaid-e-Azam Business Park; however, that name has since been altered. The development of the business park in Pakistan is intended to catalyze the country’s increased industrialization.
Overview of Quaid-e-Azam Business Park
This historic endeavor spans a total area of 1860 acres of land. The Park has the good fortune of having a designated highway interchange outside its front door. In addition, a labor colony will be built on the 200 acres set aside for it. This labor colony will offer housing for the 30,000 people working on the project.
After its completion, the Quaid e Azam Business Park will be able to provide two hundred and fifty thousand new jobs for both skilled and unskilled employees, in addition to empowering a capable female workforce.
Location of Quaid-e-Azam Business Park
The Business Park may be reached quickly and easily from the M2 Motorway because of its placement in a centralised and handy area. Sheikhupura is served by the Lahore–Islamabad M-2 Motorway due to its location.
The QABP also has a specialised highway interchange that connects it to the M-2 Motorway. From the metropolis of Lahore, the return trip on the M-2 only takes around 25 minutes.
In addition, the Lahore–Sargodha Road (N60) is affected by the works behind it. Through a system of motorways and national roads, these routes connect the project to any of the most important cities not only in the province of Punjab but also across the entirety of Pakistan, including the country’s dry ports and seaports.
In consideration of the location of Quaid-e-Azam Business Park, the following is a list of essential highways and ports to which it is connected:
- The closest airport is the Allama Iqbal International Airport in Lahore, about 55 kilometres away.
- NLC Dry Port, located in Lahore, is just 42 kilometers away.
- The industrial park’s proximity to Sheikhupura, a city with a population of half a million people, means that a large number of skilled and unskilled laborers will be able to travel to and from the park easily. The government Technical Training Institute in Sheikhupura is only 15 kilometers from the industrial park.
Industries at Quaid-e-Azam Business Park
Manufacturing services, auto parts, pharmaceuticals, chemicals, light engineering, plastics, information technology, electronics, food and beverage, mobile manufacturing, and warehousing are some of the businesses that have been proposed as suitable industries for this industrial region.
The following are some well-known companies in their respective industries: Roomi Fabrics Pvt Ltd, Marhaba Laboratories Pvt Ltd, Fabrizo Pvt Ltd, Petpak Films Pvt Ltd, Novatex Ltd, and Highnoor Laboratories Ltd.
Payment plan
The master plan for Quaid-e-Azam Industrial Park has 653 available investment plots, categorised into one of five different size ranges. The following is a list of the various plot sizes for investment, along with the number of plots that are available in each size:
It provides plots of a half acre, an acre, two acres, four acres, and even more than four acres.
|
Plot Sizes (Acres) |
Price of Plot on Full Cash | Price of Plot on Installments |
Number of Plots Available |
|
0.5 |
13,300,000 | 14,400,000 | 170 |
| 1 | 26,600,000 | 28,000,000 | 152 |
| 2 | 52,000,000 | 54,000,000 | 162 |
| 3 | 76,000,000 | 78,000,000 | 19 |
| Above 4 | 98,000,000 | 100,000,000 |
150 |
These were the prelaunch pricing, and they are likely to be adjusted by the PIEDMC’s decision. Plots that are both corner and road-facing will incur an additional premium of 10%, while plots that are only road-facing will incur an additional premium of 5%. Investors who pay for their plots in QABP using installments must make at least six payments before being assigned a plot.
From the moment they acquire control of their land, plot owners will have a period of twenty-four months during which they can construct and develop their property. If you decide to transfer ownership of the plot, the clock will not be reset to the beginning of the 24 months.
On the other hand, extensions of the building time can be purchased for a fee once the whole payment has been received, whether in one lump sum or through a series of installments; any plots are available for transfer.
Developers of Quaid e Azam Business Park
It is a project of the Punjab Industrial Estates Development & Management Company (PIEDMC), which is an independent and non-profit enterprise owned by the government of Punjab and governed by an autonomous Board of Directors. This company is responsible for the project.
Most administrators are prominent position holders within the regime, in addition to private sector businessmen; this makes PIEDMC an example of a Public-Private Partnership that is quite effective (PPP).
In addition, Pakistan is in the process of establishing several other special economic zones (SEZs), such as the Rashakai Special Economic Zone (RSEZ) and the Dhabeji Special Economic Zone (DSEZ), both of which will contribute to an increase in economic activity within the nation as construction on the CPEC project draws to a close.
Conclusion
It is the only intelligently designed industrial zone in the nation. On a total land area of 1,536 acres, it will be the premier location for conducting business. When finished, the park is anticipated to create around 250,000 employees, including both skilled and unskilled positions. In addition to this goal, the project intends to provide working women with outstanding professional prospects.
The Quaid e Azam Business Park was established to lure Foreign Direct Investment (FDI) into the country. This would result in the development of prospects for expansion across a wide range of industries and the creation of many employment opportunities within the province.
You should now have a better understanding of Quaid-e-Azam Business Park, located in Sheikhupura, and the potential investment prospects it presents to investors from both local and international locations.
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