Jul 01, 2021 | By PIEDMC

PIEDMC BOD Meeting Press Release 29-06-2021

The 150th meeting of the Board of Directors of Punjab Industrial Estates Development and Management Company was held under the chairmanship of Syed Nabil Hashmi. It was briefed in the meeting that due to its excellent performance PIEDMC has successfully achieved the revenue targets of the last financial year. For financial year 2021/2022, Board approved a collective budget of 21.59 billion for the PIEDMC, PDTRC, Board of Managements of Sundar, Quaid-e-Azam and Multan industrial estates. The Board approved the minutes of the 148th and 149th Board Meetings? PIEDMC Amalgamation and Subdivision Policy 2021, audit reports of the company for the financial year 2018, TORs of Sundar Expansion Committee and recommendations of Procurement Committee. Keeping in view the corporate social responsibility, Board approved upgradation of Nehla village drain adjacent to Sundar Industrial Estate, internship and postgraduate training program for university students and various research programs to build link between industry and academia. The meeting also approved extension in period of Transfer and Non-Utilization Policy for Sundar Industrial Estate, payment of first installment to Sui Northern Gas for supply of gas in Bhalwal Industrial Zone and provision of the net metering facility in all industrial zones under the management of PIEDMC. While Addressing the meeting, Chairman PIEDMC Syed Nabil Hashmi said that on the directions of Minister Industries and Commerce Mian Aslam Iqbal, 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 business. The Board directed the management to plan the company's 20-years vision and make full use of budget and resources to complete the development works of Quaid-e-Azam Business Park, Bahawalpur, Vehari, Rahim Yar Khan, and other special economic zones at forceful speed. Board Directors Syed Tariq Siraj Jafri, Arif Qasim, Ahsan Mehmood Butt, Usman Aslam Malik, Shahid Hussain Tarar, Muhammad Anees Khawaja, Dr. Sameera Rehman, CEO Ali Moazzam Syed, Presidents of BOMs Sundar and Multan, Haroon Ali Khan, Hussain Afzal, CEO PBIT Dr. Arfa Iqbal and concerned officers of finance, labor, and industries departments were also present in the meeting.

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