Punjab CM Maryam Nawaz Greenlights Major Lahore Development Projects

Punjab Chief Minister Maryam Nawaz has given the go-ahead for a significant development initiative in Lahore, according to recent reports dated June 2.

In the project's first phase, development will commence across six zones in Lahore over the next ten months, with an estimated budget exceeding 74 billion rupees. Additionally, CM Maryam Nawaz inaugurated the Nawaz Sharif Information Technology (IT) City project, which spans 853 acres and will benefit from a ten-year tax exemption. This ambitious venture includes the creation of a Knowledge City and a Film City.

The Knowledge City will host campuses for various universities, with the government pledging extensive support to attract investors. The IT sector has responded positively, with numerous major IT companies expressing keen interest in the Nawaz Sharif IT City.

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