Explanation

China and Pakistan have decided to develop Faisalabad as a major industrial hub, through joint ventures. According to Gwadar Pro App, China-Pakistan Economic Corridor (CPEC) opens many opportunities for the business community to make the city as an ideal one for economic growth.Faisalabad, being the 2nd largest industrial city of Pakistan can achieve further economic growth, specifically in the industrial sector by utilizing these opportunities. 11 joint ventures are recently established in Special Economic Zone Faisalabad as a result of the three new areas of future cooperation under the second phase of CPEC which is aimed to boost the exports. Earlier Prime Minister Imran Khan performed the ground breaking of Allama Iqbal Industrial Zone which was the first ground breaking of an Industrial estate under CPEC.