PIEDMC board approves Rs3 billion for uplift projects
LAHORE: The Punjab Industrial Estates Development and Management Company board of directors on Monday approved the release of Rs3 billion for six development projects, a statement said.
PIEDMC chairman Syed Nabil Hashmi presided over the meeting, it added.
The board approved the release of Rs1 billion for civil works at the Quaid-e-Azam Business Park, Rs1 billion for the development works of Bahawalpur Industrial Zone, Rs50 million for the feasibility study of Sialkot Industrial Zone, Rs450 million for the construction of state-of-the-art auto technology park at Quaid-e-Azam Business Park, Rs100 for providing bio-equivalence facility in Sundar Industrial Estate and Rs250 million for the construction of 133kV grid station in Bhalwal Industrial Zone.
The meeting also approved the launch of training and internship programmes for university students, provision of security services in industrial zones, exemption of 5 per cent service charges on return of plots in Rahim Yar Khan, Bhalwal and Vehari industrial zones.
Hashmi said that PIEDMC is facilitating business through one-window operations in its managed industrial zones.
The Ease of Doing Business Index in these zones is one of the best in Pakistan and that is why industrialists are giving preference to PIEDMC-managed zones for their businesses, he added.
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