Islamabad: Businessmen have demanded of the government to establish a new industrial estate in the region to boost exports.

A delegation of Islamabad Industrial Association (IIA) led by its President Sheikh Tariq Sadiq visited the Islamabad Chamber of Commerce & Industry and discussed the importance of the establishment of a new industrial estate in the region to boost industrialization, investment and exports.

Addressing the delegation, Islamabad Chamber of Commerce & Industry President Muhammad Shakeel Munir said that about 1200 industries are working in Islamabad region including steel, marble, flour mills, pharmaceuticals, IT & light engineering, chemicals & soap, edible oil, cement, furniture etc.

There is a dire need of a new industrial estate in the region to set up more industries as the existing three industrial estates in the region have insufficient space for new industries and expanding existing industries.

Due to this situation, potential investors are shifting to other regions.

He urged that the government should cooperate with ICCI and IIA for the establishment of an industrial zone in the region that would help in promoting industrialization, employment creation, investment promotion and tax revenue generation for the government.