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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.

CHINESE COMPANY TO SETUP CERAMIC UNIT

Chinese company has begun construction on a ceramics factory on 37 acres of land with an investment of $70 million in Bhalwal Industrial Estate near Sargodha.

The unit, being constructed by the Oral Ceramics, is expected to begin operations by March 2020.

Punjab Industrial Estates (PIE) Chairman Nabeel Hashmi said the PIE has fetched its first direct foreign investment, which is very encouraging.

PIE has developed and currently manages Bhalwal Industrial Estate and eight other industrial parks across Punjab.

The completion of the project will help reduce import of ceramic tiles and other products and generate employment opportunities in the area, Hashmi said.

The federal government recently upgraded Bhalwal Industrial Estate and two other estates in Rahim Yar Khan and Lahore to special economic zones.—Staff Reporter

To view the same news on different Newspaper, Click on following links:

  1. Dawn News
  2. Business Recorder
  3. Pakistan Today
  4. The Business
  5. Custom Today
  6. Lahore Mirror
  7. Urdu Point
  8. Dunya News
  9. Jang
  10. Daily Khabrain
  11. Jahan Pakistan
  12. Jurat

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