Jul 08, 2021 | By PIEDMC

PIEDMC Press Release 02-07-2021

The first meeting of the Special Economic Zone Committee was held under the chairmanship of Chairman Punjab Industrial Estates Development and Management Company Syed Nabil Hashmi to give the status of Special Zone Enterprise to the recipients of industrial plots in Quaid-e-Azam Business Park. Committee approved the status of Special Zone Enterprise for Rumi Fabrics, Fabrizo, Petpak Films, Chromatics, Global Packaging Films, Starlet Innovations, Ajmer Foods, Back Packaging, AHS Pvt. Ltd, through which direct investment of 20 billion will come and thousands of new jobs will be created. CEO PIEDMC Ali Moazzam Syed, CEO PBIT Dr. Arfa Iqbal, Director Board of Investment Abdul Sami, Director PBIT Dr. Sohail Saleem and other concerned officers attended the meeting.   Chairman PIEDMC Syed Nabil Hashmi directed the management to expedite the development works in all industrial zones especially Quaid-e-Azam Business Park, and provide timely and best services to the customers through one window operations. Addressing the meeting, Chairman PIEDMC Syed Nabil Hashmi said that the granting of status of Special Economic Zones has paved the way for the Industrial Revolution and creating thousands of new jobs. Industries with special enterprise status will be given a one-time exemption for machinery import and income tax exemption for 10 years.

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