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Quick Infos on Faisalābād
Faisalabad (also known as Lyallpur) is the third largest city in Pakistan after Karachi and Lahore. It is the second largest city in the province of Punjab after Lahore, and a major industrial center. It was one of the first planned cities within British India. Pricewaterhouse Coopers has projected Faisalabad's GDP to be around USD 87 billion by 2025. The city is also referred to as the "Manchester of Pakistan" Faisalabad is a major contributor towards Pakistan's GDP, contributing over 20%. According to the World Bank's Doing Business Report of 2010, Faisalabad was ranked as the best place do to business in Pakistan and the second best location, after Islamabad, to start a business.
The city is at a road and railway junction, which has played an influential role in the development of the city's trade and economy markets. The surrounding countryside, irrigated by the lower Chenab River, has allowed for the production of cotton, wheat, sugarcane, vegetables and fruits, which form 55% of Pakistan's exports. The city is an industrial centre with major railway repair yards, engineering works, and mills that process sugar, flour, and oil seed. Faisalabad is a major producers of superphosphates, cotton and silk textiles, hosiery, dyes, industrial chemicals, beverages, apparels, pulp and paper, printing, agricultural equipment, and ghee (clarified butter). The city also have a major dry port which has increase the levels of import and exports from the city.
Faisalabad is home to the prestigious University of Agriculture as well as the renowned Ayub Agricultural Research Institute and National Textile University. The Faisalabad Chamber of Commerce & Industry is also one of the most influential bodies within Pakistan aiding in the development of the most technilogical advances within the agricultural industry.
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