‘Lahore Central Business district to generate Rs1,300 bn’
National
February 27, 2021
LAHORE: The PTI government achieved another milestone in the City on Friday as the promotion of trade and economic activities is pivotal in developing societies.
Addressing the foundation stone laying ceremony of Lahore Central Business District at Walton Airport on Friday, the chief minister said the economic activities alleviate poverty by providing job opportunities.
The launch of Lahore Central Business District is a giant step in this regard, he added. The PTI has also introduced the avant-garde Ravi Riverfront Urban Development Project and the foundation stone of another mega project has been laid to promote economic activities, he added. Giving details of the project, the CM said that Lahore Central Business District will be completed in three phases over an area of 300 acres. The first phase will be developed over an area of 128 acres and commercial activity of around Rs1,300 billion will be generated, he said. A commercial district will be established in the first phase, a digital district will be introduced in the second phase while a residential district will be built in the third phase.