Punjab Industrial Estates Development and Management Company’s efforts to deliver amenities to the industrialists have come to fruition.

Oil and Gas Regulatory Authority Pakistan has issued license to PIEDMC to supply gas in Quaid-e-Azam Business Park and Bhalwal Industrial Estate.

PIEDMC became the first developer company in Pakistan to be authorized to supply gas.

Now industrialists will no longer have to wait for years to get required gas supply.

PIEDMC has laid gas infrastructure at a cost of Rs 2 billion in Quaid-e-Azam Business Park through which up to 65 MMFCD gas will be supplied.

10 MMFCD gas will be supplied in Bhalwal Industrial Estate.

PIEDMC will provide gas to the industrialists on a single request as per their requirement through one window operations, CEO PIEDMC

Consumption of gas will be billed as per the notified rates of OGRA, Ali Muazzam Syed

Chief Executive Officer Punjab Industrial Estates Development and Management Company Ali Moazzam Syed chaired the meeting of Punjab Special Economic Zone Committee.

The meeting approved to grant special zone enterprise status to 5 companies acquiring industrial plots in the Bhalwal and Vehari Industrial Estates.

Optimus Labortories, Air Med Pvt Ltd, Ushnaz Pharma, Premium Seeds and Moderna Sciences has been approved as SEZ enterprise.

Secretary Committee Amna Faisal Shah, Director PBIT Dr Sohail Saleem and concerned officers of BOI and district administrations were also present.

PM to inaugurate Quaid-e-Azam Business Park in March

Prime Minister Imran Khan will inaugurate Quaid-e-Azam Business Park, Sheikhupura located at close proximity of Lahore-Islamabad Motorway. In this connection, the groundbreaking ceremony of Quaid-e-Azam Business Park (QABP), Sheikhupura will be held next month.

This was disclosed during 141st meeting of the Board of Directors of Punjab Industrial Estates Development & Management Company under the chairmanship of Syed Nabeel Hashmi, here on Wednesday.

Chairman PIEDMC, Syed Nabeel Hashmi gave a detailed briefing on the Business plan for Quaid-e-Azam Business Park, Sheikhupura and the same was approved by the Board of Directors.

The chairman, while appreciating the keen interest shown by the Board members in the business plan, stated that the establishment of Business Park will go a long way in realizing the concept of state of the art business park fetching foreign direct investment, paving way for not only industrial growth but also providing the vast opportunities of employment in the province.

It will contribute to Pakistan's GDP, increase exports and would also encourage the import substitution.

The Chairman briefed about the timeline and significance of the project that is expected to create 100,000 jobs opportunities for the people of Punjab during the next five years and is in line with the prime minister's vision of creating 10 million jobs.

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