Lahore: The Punjab government has provided its approval to the provincial industries department to commence with the acquisition of land for setting up industrial estates across the province, a news source reported.
Previously, the industries department had expressed its concern with regard to the non-availability of land; stating that this issue was causing problems in allocating space to new industrialists within the private sector. Further, it had proposed the provincial executive to draft a new policy for this purpose – saying that it was a significant requirement for boosting the industrial sector and creating new job opportunities.
In response, the provincial government has now allowed the department to create a new policy for acquiring land for establishing industrial estates in Punjab.
According to reports, Punjab Chief Minister (CM) Usman Buzdar recently provided his approval to include the summary of this issue to the Standing Committee on the Finance Bill – aimed at facilitating the private sector investors in the province.
