Lahore: Prime Minister (PM) Imran Khan has laid the foundation-stone of the country’s first-ever Central Business District project at the Walton Airport site, a commercial hub aimed at ensuring ease-of-doing-business, in Lahore.
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While addressing a ceremony after laying the foundation stone on Friday, the premier said that that the project would generate Rs1,300 billion in the first phase, helping the government pay off foreign loans accumulated over the past one decade.
“It is high time to increase the country’s income and decrease expenditures to come out of the quagmire of fiscal and current account deficit,” he said, adding that the federal government will get Rs. 250 billion in taxes from the district.
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It is pertinent to mention here that the government has urgently recommended shifting the flying club operating at Walton airport as it is within the thickly populated location of central Lahore.
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