Lahore: Punjab Industrial Estates Development and Management Company (PIEDMC) on Monday (August 30) announced to release PKR 3 billion for six industrial estate development projects in the province, according to media reports.
The approval was given by PIEDMC Chairman Syed Nabil Hashmi in the 151st Board of Directors meeting. The meeting was attended by Board Directors Arif Qasim, Shahid Hussain Tarar, Syed Tariq Siraj Jafri, M Anees Khawaja, Usman Aslam Malik, Dr Sameera Rehman, Ahsan Mehmood Butt, CEO Punjab Board of Investment and Trade (PBIT) Dr Arfa Iqbal, Chief Executive Officer (CEO) Ali Moazzam Syed, and other concerned officers of industries, labour, and finance departments.
The details of the industrial estate development projects are as follows:
PKR 1.015 billion reserved for development works of Bahawalpur Industrial Zone
PKR 250 million was kept aside for the establishment of 133 KV grid stations in the Bhalwal Industrial Zone
PKR 450 million for development of state-of-the-art auto technology park at Quaid-e-Azam Business Park
PKR 1 billion set aside for civil works of Quaid-e-Azam Business Park
PKR 50 million approved for a feasibility study of Sialkot Industrial Zone
PKR 100 million approved for bioequivalence facility in Pakistan Drugs Testing and Research Center
In the meeting, provision of security services in industrial zones, the launch of training and internship programmes for university students, and exemption of 5% service charges on the return of plots in Vehari, Bhalwal, and Rahim Yar Khan (RYK) Industrial Zones were also approved. Besides this, the proceedings of the 150th meeting were also approved.
While addressing the attendees, the PIEDMC chairman disclosed that the PIEDMC was facilitating businesses through one window operations in the industrial zones. Reportedly, the PBIT has directed the PIEDMC to complete the development work at special economic zones including Bahawalpur, Rahim Yar Khan, Vehari, and Quaid-e-Azam Business Park.
Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows & movies.
