MoU for construction of Faisalabad Expo centre likely today



Senior Vice President Faisalabad Chambers of Commerce and Industry (FCCI) Zafar Iqbal Sarwar has said that Memorandum of Understanding (MOU) for the construction of a state-of-the-art Faisalabad EXPO Centre is expected to be inked on coming Monday or Tuesday.
He had a detailed meeting with Provincial Secretary Industries, Captain (R) Muhammad Zafar Iqbal (PAS) to discuss the related issues. The meeting was also attended by Mr. Bilal Waheed Sheikh Vice President FCCI, Miss. Rafia Syed, Additional Secretary (Commerce), Mr. Zia-ul-Mustafa C.E.O Pakistan Expo Pvt. Ltd Company, Mr. Amir Saleemi, C.E.O FIEDMC.
The meeting was specially convened on the request of the FCCI so that its construction could be started as soon as possible. The meeting discussed various modes for the construction of Faisalabad EXPO Centre and it was decided in principle that it would be completed on the model of Lahore and KPK EXPO Centre. Mr. Zafar Iqbal told that Punjab Government through industry department has already allocated 70 acres of land in M3 Industrial Estate for the construction of this mega project.
As per Lahore model, Federal Government will now allocate funds from ADP or EDF for its construction. However its management will be looked after by the Pakistan Expo Company. He told that the draft of the MOU to be signed by the Federal and Punjab Governments has been sent to the concerned legal advisors for its vetting. He told that after a positive nod from the legal advisors, the MOU will be signed probably on Monday or Tuesday.
Underlining its importance, the Senior Vice President FCCI told that major international textile related exhibitions could be arranged in it. “It will not only introduce high quality textile products through exhibitions arranged in it but also play an important role in promoting the soft image of Pakistan at the global level. He further told that after the signing on MOU, efforts would be expedited to get funds as early as possible so that physical work on it could be started.—INP

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