Major Punjab City to Get Pakistan’s First Chip-Manufacturing Unit

Pakistan’s first computer chip manufacturing unit will be set up in Faisalabad, while the government has already allocated 50 acres of land for the construction of a state-of-the-art expo center at the M-3 Industrial Estate, Punjab Industries, Commerce and Investment Minister Chaudhary Shafay Hussain said.

According to a press release issued on Thursday, the minister shared these details while addressing the business community at the Faisalabad Chamber of Commerce and Industry on Wednesday night.

He said the chip manufacturing unit will support mobile phone assembly plants currently operating in Faisalabad, Karachi, and Lahore.

The minister said the proposed expo center may be constructed with funding from the Export Development Fund. He added that the government has taken key decisions to accelerate the colonization of the M-3 and Allama Iqbal industrial estates.

He said the government will construct a community center, complete boundary walls, and establish a monitoring cell for foreign workers employed at both industrial estates.

The minister said authorities are taking steps to provide banking and commercial facilities to industrial units and are working to fully develop industrial estates across the province.

He said the government has launched a program to increase cotton production through research and development of high-yield, disease-resistant seeds.