Oct 22, 2021 | By PIEDMC

PIEDMC BOD Meeting Press Release 22-10-2021

The 151th 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 expressed satisfaction on the performance report of PIEDMC for last one year. According to the report, PIEDMC earned Rs 12 billion from QABP, Rahim Yar Khan, Vehari and Bhalwal Industrial Zones, started development works of Quaid e Azam Business park, Bahawalpur Industrial Zone and transformed Chunian Industrial Zone into Aqua Business Park, work on net metering and expansion project also started in Sundar Industrial Estate, first time in the history of PIEDMC annual budget was approved before the commencement of new financial year, under corporate social responsibility construction work of medical trauma center and management training program is also launched. The meeting approved to release Rs 55 million to Fesco for construction of 132 KV grid station in Bhalwal Industrial Zone and Rs 9.6 million to LESCO for feeder connection in Chunian Aqua Business Park. On the recommendations of procurement committee, Board also approved Rs 5.4 million for consultancy services of disposal stations in Vehari and Rahim Yar Khan industrial zones, Rs 30 million for transaction advisory of Muzaffar Garh Industrial Zone, renewal of contracts of transport service and medical insurance for staff. The meeting also approved the proceedings of the 151th board meeting. 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. 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 complete the development works of Quaid-e-Azam Business Park, Bahawalpur and Chunian Aqua Business Park in given time. 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, and concerned officers of finance, labor and industries departments were also present in the meeting.

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