Lahore: The Cabinet Committee on Legislative Business on Thursday (February 03) allowed River Ravi Urban Development Authority (RUDA) to enter into an agreement with a Saudi firm to invest in the industrial zone, news sources reported. The firm will invest in Zones A and B developed and managed by RUDA.
Read: RUDA signs agreement to make Ravi Riverfront cashless economic zone
As reported, Punjab Minister for Law and Parliamentary Affairs Muhammad Basharat Raja convened a meeting to evaluate the situation. Previously, the administration allowed the creation of an industrial zone in Pakistan’s largest riverbank project. It would be Pakistan’s first renewable energy industrial zone to encourage renewable energy throughout the country. It was stated that the initiative would aid in the creation of revenue-generating employment in the country. This will also enhance environmental conservation, with a particular emphasis on pollution management. In addition, the committee approved the distribution of car licence plates to applicants via Pakistan Post. For the services, the Customs and Excise Department will enter into an agreement with Pakistan Post.
Read: ‘RUDA has sufficient land to work on Riverfront project’s phase 1’
Similarly, the meeting authorised the Punjab Aquaculture Development Corporation Act 2021, the Benazir Income Support Program (BISP) door-to-door survey, and the establishment of the departmental promotion committee (DPC) for promotion to BS-19 at the Punjab Institute of Language Arts and Culture (PILAC).