Lahore: The Punjab Industrial Estates Development & Management Company (PIEDMC) has decided to hand over possession of plots to industrial entrepreneurs on preferential basis, in all the economic zones established by PIEDMC in Punjab province.
The object of the preference is to speed up industrialization process and provide facilities to potential industrialists and investors.
This decision was taken in a meeting of board of directors of PIEDMC held here under chairmanship of Syed Nabeel Hashmi. It was 145th meeting of PIEDMC’s board of directors. BOD also approved a concessional package to all those investors who would purchase more than 25 acres of land for their industrial set-ups in Quaid-i-Azam Business Park (QABP). Industrialists interested in setting up industrial units on more than 25 Acres plots should be provided relaxed payment plan.
Hashmi while talking to media after the BOD meeting said, that Rs1250 million would be utilized for establishment of Bahawalpur Industrial estate (BWPIE), second biggest industrial estate after Multan in South Punjab and a demand has been raised to Govt of Punjab in this regard. This industrial estate would help bring less developed area at par with other parts of the province of Punjab and usher in an era of development according to the vision of PM Imran Khan.
The meeting also decided to set up advisory boards for Quaid-e-Azam Business Park and Rahim Yar Khan Industrial zones of Punjab. Advisory boards members include public representatives and experts from various economic fields and will be nominated for a period of one year.
He said that these members would serve for industrial development and improvement in both the industrial zones. Besides, the meeting also approved a plan for supply of electricity to five industrial estates in Punjab province including three special economic zones, Quaid-e-Azam Business Park and Sundar Industrial Estate.
Nabeel Hashmi thanked CM Punjab Usman Buzdar for efforts to establish the province of Punjab as a hub of industrial activities of the country by establishing new industrial estates and economic zones in the province. The BOD also expressed its satisfaction on facilities being provided in all the industrial estates like electricity, water, sewerage and others.