New industrial estate along RR on cards

Punjab forms joint working group with Pindi, Islamabad chambers of commerce

RAWALPINDI:

The Punjab government has taken an important step towards establishing a new industrial estate along Rawalpindi Ring Road, with the formation of a joint working group finalised during a meeting between Provincial Minister for Industries and Commerce Chaudhry Shafay Hussain and a delegation of the Rawalpindi and Islamabad chambers of commerce.

The working group will accelerate progress on the proposed industrial estate.

The provincial minister said the estate would be established on non-agricultural land along the Ring Road in view of industrialists' demand and industrial requirements, creating new investment and employment opportunities.

The meeting, held in Islamabad, was attended by Rawalpindi Chamber of Commerce and Industry Patron-in-Chief Sohail Altaf, President Nosherwan Khalil Khan and former president Asad Mashhadi. Islamabad Chamber of Commerce and Industry President Muhammad Zakaria Akbar Khan, former president Khalid Javed and other representatives also attended.

The joint working group will comprise Secretary Industries and Commerce Muhammad Umar Masood, Punjab Industrial Estates Development and Management Company (PIEDMC) Chairman Shehzad Azam, Chief Operating Officer Ali Moazzam and representatives of both chambers.

Chaudhry Shafay Hussain said the Punjab government's new industrial policy had also been approved by the federal government and the Special Investment Facilitation Council (SIFC).

He said the Chief Minister's Asaan Karobar Finance Scheme and the PEYUT programme would help promote industrial and commercial activities and increase investment.