Lahore: Punjab Industrial Estates Development & Management Company (PIEDMC) Chairman Syed Nabeel Hashmi on Wednesday revealed that investors (who intend to purchase over 25 acres of land for setting up industrial units at the Quaid-e-Azam Business Park) will be given a relaxed payment plan, as per the news sources.
The PIEDMC chairman provided this information during a meeting with the Pakistan Plastic Manufacturers Association (PPMA) delegation. Moreover, it was highlighted that the federal government had granted the concession of exemption of duties, tax holiday and tax on industrial machinery for Quaid-e-Azam Business Park (QABP) investors.
The official also announced the government’s decision to provide 2.2MW of electricity to those investors who had expressed their willingness to immediately set up their industrial units at the business park. The gas pipeline infrastructure for the project is almost ready as well, he added.
The PIEDMC chief briefed the delegates that an advisory board for Quaid-e-Azam Business Park had been constituted to expedite the development work of the park.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
