| Lahore: The Punjab Government has approved the Innovation City Project in Lahore, valued at PKR 100 billion, aiming to create one million job opportunities, as claimed by a news source on March 13.
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According to the details, this initiative, previously stalled, has been revived and rebranded as the ‘Nawaz Sharif Innovation City’ under the Punjab Central Business District Development Authority (PCBDA). Punjab Chief Minister (CM) Maryam Nawaz Sharif has allocated PKR 10 billion for initial funding.
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The project comprises four sectors: IT City, Education City, Film City, and commercial/residential zones, with plans for special economic zones offering tax incentives. Experts stress the importance of timely implementation for success, noting the potential to boost the provincial economy and attract foreign investment. |
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