Lahore Trade and Industry thrives on certain large scale industries such as steel, textile, carpet and IT industries. Lahore is known as the industrial belt of Pakistan contributing the largest share in the GDP of the country. The carpet deserves a mention since it garners a huge amount of foreign exchange.
Lahore Trade and Industry is the most developed one. Lahore is the economic capital of Pakistan and contributes a lion's share in the country's GDP. All the major industries and big industrial houses are situated in Lahore. The head quarters of various industries are placed in Lahore. The textiles mills, the steel factories and the chemical factories are the key industries in Lahore.
Lahore as an IT Hub
Lahore is the hub of the IT industry in Pakistan. The largest center of information technology, Lahore earns a huge amount of foreign exchange through the export of software. The oldest city of Pakistan is the chief area based on which the IT industry has developed.
Lahore, the Industrial Belt
Lahore is considered to be the industrial belt of Pakistan after Karachi. It includes areas like the Kot Lakhpat and the Sundar Industrial Estate. The real
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estate business is flourishing in the city with the beginning of new construction projects round the corner. The real estate business has opened new avenues for employment in Pakistan and has helped the industrial sector to expand. Many construction companies exist due to these projects.
Carpet Manufacture in Lahore
The carpet making industry which initially started off as a cottage industry in the city now has transformed into a large scale industry earning a bulk of the foreign exchange in Pakistan. The carpet industry is the most accomplished industry in Lahore. This industry has employed thousands of people and has been able to garner a lump sum in terms of foreign exchange. The carpet makers are experts making all types of carpets which are highly in demand in the countries outside. The hand-knotted carpets made by the makers are the most valuable ones.
Lahore Chamber of Commerce and Industry is the governing body which works towards promoting business in the country and outside. Trade shoes are organized in Lahore which helps the small and the large scale industries to expand their business and strengthen their business ties with the other companies.
Hence, the scenario of trade and industry in Lahore holds a lot of prospect.
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