148th BOD Meeting Press Release 30th April 2021

The 148th meeting of the Board of Directors of Punjab Industrial Estates Development and Management Company was held under the chairmanship of Syed Nabil Hashmi. The Board approved to award the contract for the development works of Quaid-e-Azam Business Park Sheikhurapura at a cost of 8.49 Billion. Previously, the contract for these development works was awarded at a cost of 15 billion. But the present board saved about 6.5 billion by utilizing its technical experience and ensuring transparency by fully implementing the PAPRA rules. The board approved the minutes of the 147th Board meeting and reviewed implementation of previous decisions. The Board on the recommendations of the Procurement Committee approved 2.9 Million for third party validation of Quaid e Azam Solar Park Bahawalpur and 11.8 Million for CCTV surveillance system operations and maintenance. Board also approved 35.7 million for access road from National Highway to Bahawalpur Industrial Estate, 1.9 Million for consultancy services for drainage of stagnant water in Bhalwal Industrial Estate, 1.8 million for purchase of tools for Electric Department in Vehari Industrial Estate and 2.8 Million for Consultancy services for detailed design and master planning of Chunian Aqua Park. The Board reviewed the preparations for the foundation stone ceremony planned on 1st May for the development works of Quaid-e-Azam Business Park, Center way Business Square and special interchange on the motorway. Chairman PIEDMC Syed Nabil Hashmi directed the concerned officers to expedite the development work related to the managed industrial estates especially Quaid-e-Azam Business Park. Board of Directors Syed Tariq Siraj Jafari, Arif Qasim, Ahsan Mahmood Butt, Usman Aslam Malik, CEO Ali Moazzam Syed, GM Planning and Contracts Javed Ilyas, GM Technical Farrukh Johri, GM Business Development Amna Faisal Shah, GM Admin & HR Farhan Munawar participated in the meeting, while CEO PBIT Dr. Arfa Iqbal and officers of relevant departments participated online through Zoom.