Staff Reporter
The Punjab Industrial Estates Development Management Company (PIEDMC) has decided to hand over possession of plots to industrial entrepreneurs on preferential basis, in all the economic zones established by PIEDMC in
Punjab province.
The object of the preference is to speed up industrialization process and provide facilities to potential industrialists and investors. This decision was taken in a meeting of board of directors of PIEDMC held here under chairmanship of Syed Nabeel Hashmi. It was 145th meeting of PIEDMC’s board of directors. BOD also approved a concessional package to all those investors who would purchase more than 25 acres of land for their industrial set-ups in QABP.
Industrialists interested in setting up industrial units on more than 25 Acres plots should be provided relaxed payment plan. Chairman Syed Nabeel Hashmi while talking to media after the BOD meeting said, that Rs1,250 million would be utilized for establishment of BWPIE, second biggest industrial estate after Multan in South Punjab and a demand has been raised to Govt of Punjab in this regard. The meeting also decided to set up advisory boards for Quaid-e-Azam Business Park and Rahim Yar Khan Industrial zones of Punjab. Advisory boards members include public representatives and experts from various economic fields and will be nominated for a period of one year. He said that these members would serve for industrial development and improvement in both the industrial zones. Besides, the meeting also approved a plan for supply of electricity to five industrial estates in Punjab province including three special economic zones, Quaid-e-Azam Business Park and Sundar Industrial Estate.
