Quaid-e-Azam Business Park (QABP), Sheikhupura is a landmark project by the Government of Punjab and Punjab Industrial Estates Development & Management Company (PIEDMC) that will create business and employment opportunities across the province.
Thinking about investing in Quaid-e-Azam Business Park, Sheikhupura? Good call! Here’s everything of importance you should know to make a calculated decision.
QABP is a business destination of the future, spread over 1,536 acres of land. The park is projected to generate about 250,000 jobs for both skilled and unskilled labour after its completion. The project also aims to empower working women with amazing career opportunities.
Quaid-e-Azam Business Park, Sheikhupura, will also have an additional 200 acres dedicated solely to a labour colony, providing accommodation to about 30,000 workers that will be part of this project.
The core aim behind the establishment of the business park is to bring Foreign Direct Investment (FDI) into the country, creating opportunities for growth for a wide variety of industries, while also opening up a large number of jobs in the province. The project is aligned with Prime Minister Imran Khan’s vision of creating 10 million jobs during his tenure.
The venture was initially known as Quaid-e-Azam Apparel Park and had only been dedicated to serving one of the many industries in the country, but the name was revised in November 2019 to convert the project into a diverse business park that will offer growth opportunities to about 12 different industries.
While Quaid-e-Azam Apparel Park had been declared as a Special Economic Zone (SEZ) in September 2019, PIEDMC had to reapply for the SEZ status after the park was converted. The QABP’s SEZ application is now under process once more, but the concerned authorities are hopeful that the approval will be granted before plot possession begins.
The location of Quaid-e-Azam Business Park places it conveniently on Lahore-Islamabad M-2 Motorway as it passes by Sheikhupura. The QABP also has a dedicated motorway interchange to connect it to the M-2 Motorway. It is just 25 minutes’ drive away from the Lahore Toll Plaza via the M-2. The project also touches Lahore–Sargodha Road (N60) at its rear.
These routes link the project to all the major cities, not just in Punjab, but all over Pakistan, including the dry ports and seaports, through a network of motorways and national highways. Keeping the location of Quaid-e-Azam Business Park in mind, here are some notable routes and ports it connects to:
The business park is also just 15 kilometres away from the Govt. Technical Training Institute, Sheikhupura, and the park’s proximity to Sheikhupura (a city of 0.5 million people) means plenty of skilled and unskilled labour will be able to comfortably travel to and from the park.
Quaid-e-Azam Business Park, Sheikhupura, will provide unmatched opportunities for growth to about 12 industries. These include:
|Manufacturing Services||Auto parts|
|Light Engineering||Plastic Industry|
|Food & Beverages||Logistics|
As per the masterplan of Quaid-e-Azam Business Park, the project will have:
Moreover, as per the latest updates on Quaid-e-Azam Business Park, Sheikhupura, the development will also feature:
The masterplan of Quaid-e-Azam Business Park features a total of 653 plots for investment, in 5 size-based categories. Here are the plot sizes ready for investment and the number of plots available in each size:
|Plot Sizes (Acres)||Number of Plots Available|
You can choose to invest in Quaid-e-Azam Business Park via full cash payment or in instalments. We’ll cover both payment plans below:
|Plot Size (Acres)||Full Price (PKR)|
|4 & Above||98,000,000|
Full cash payment allows you to avail discounted prices, as well as the top priority on plot and utility allocation, as well as plot possession.
|Plot Size (Acres)||Full Price (PKR)|
|4 & Above||100,000,000|
Investors opting for an instalment plan will be required to pay 30% of the total payment in advance, and the rest in 9 bi-monthly instalments.
Please review the following terms and conditions before you invest in Quaid-e-Azam Business Park:
Now that we’ve discussed all of the major features of QABP, let’s talk about some of the latest updates on Quaid-e-Azam Business Park, Sheikhupura.
As of March 2020, PIEDMC has begun booking for plots in Quaid-e-Azam Business Park, Sheikhupura. As one of the only smart industrial zones in the country and holding importance for the CPEC, it was also announced near the end of February 2020 that Prime Minister Imran Khan would inaugurate the project in March. However, no date has officially been announced as of yet.
Punjab Industrial Estates Development & Management Company is an autonomous and not-for-profit organisation, owned by the Government of Punjab and managed by a dedicated Board of Directors. The directors mostly include key position holders in the local government as well as private sector industrialists, making PIEDMC a fairly successful example of a Public-Private Partnership (PPP).
The firm was created with the aim to promote industrialisation in Punjab, following a self-sustaining model that enables it to work on developing industrial estates within every district of the province. Quaid-e-Azam Business Park, Sheikhupura, is just one of the many projects underway by the PIEDMC, and you can learn more about all of their projects on their official website.
You now have a better idea about Quaid-e-Azam Business Park, Sheikhupura, and the possible investment opportunities it offers to both foreign and domestic investors. There are also a number of other SEZs being developed in Pakistan, such as the Rashakai Special Economic Zone (RSEZ), and the Dhabeji Special Economic Zone (DSEZ), which will boost economic activity in the country as the CPEC nears completion.
*[Image Credits: All images for this post have been sourced from the official Facebook page and Website of PIEDMC)