Lahore: Punjab Minister for Industries and Trade Minister Mian Aslam Iqbal on Wednesday announced the government’s decision to establish nine new industrial centres worth billions of rupees on 11,000 acres of land, a news source reported.
He said that the current government had formulated a result-oriented policy to accelerate the process of industrialisation across the province. Under the new industrial policy, the executive had set the annual industrial progress target at 10%. To facilitate this measure, all possible facilities are being provided to the industrialists and investors, he added. Practical steps have been initiated in order to create ease and of doing business.
Moreover, the minister reviewed the progress on development of industrial estate and setting up of new industrial centres. He said that a state-of-the-art infrastructure will be provided in the industrial zone.
The Punjab Industrial Estate Development and Management Company CEO gave a detailed briefing about development affairs of the industrial estates.
He said that the government had decided to introduce a new system of inspector-less regime in its bid to facilitate the ‘ease of doing business’ initiative. Similarly, a new digital system for recovery of taxes is also being introduced by abolishing the redundant laws which will ensure transparency on this front.
