Pakistan’s Din Group of Industries committed to invest $70 mn in the Allama Iqbal Industrial City to set up a new textile unit there after it signed an agreement with the Faisalabad Industrial Estate Development and Management Company, whose Chairman Mian Kashif Ashfaq said the group will get a tax holiday and one-time import of machinery without levies.

Din Group Chief Executive SM Tanveer said the industrial city’s prime location and availability of trained and skilled labour will be a big advantage, according to a report.