Entrepreneurs to get industrial plots

PIEDMC also approves package for investors purchasing more than 25 acres

LAHORE:

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.

The move is aimed at speeding up industrialisation and providing facilities to potential industrialists and investors. The decision was taken at a PIEDMC board meeting, which also approved a concessional package for all those investors who would purchase more than 25 acres of land for their industrial setups in Quaid-i-Azam Business Park (QABP).

PIEDMC Chairman Nabeel Hashmi, while talking to the media, said that Rs1,250 million would be utilised for establishment of Bahawalpur Industrial Estate (BWPIE), the second biggest industrial estate after Multan in south Punjab, adding that a demand has been raised to the Punjab government in this regard.

“This industrial estate would help bring less developed areas at par with other parts of the province and usher in an era of development according to the vision of PM Imran Khan.”

The meeting also decided to set up advisory boards for QABP and Rahim Yar Khan industrial zones of Punjab.

Besides, the meeting also approved a plan for supply of electricity to five industrial estates in Punjab including three special economic zones, QABP and Sundar Industrial Estate.

Published in The Express Tribune, November 18^th, 2020.

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