Dec 01, 2021 | By PIEDMC

Press Release 01-12-2021

The 153rd meeting of the Board of Directors of Punjab Industrial Estates Development and Management Company was held under the chairmanship of Syed Nabil Hashmi. Board was briefed about new industrial estates of Sialkot, Muzaffargarh and Rawalpindi under the management of PIEDMC. The Board was informed that due to the delaying tactics of the concerned departments in granting enterprise status to the Special Economic Zones, PIEDMC had to repay more than Rs 500 million to the industrialists while applications for refund of additional Rs 5 billion have been received. The Board expressed grave concern over the matter and directed to take up the matter in all forums of the Federal and Punjab government. Board approved the extension of legal panel of PIEDMC, construction of new 132 KV grid stations at Multan and Sundar Industrial Estate and payment for bank guarantee and annual fee to NEPRA for electricity distribution license in Vehari Industrial Estate. Board approved construction of approach road to connect Bahawalpur Industrial Estate with motorway, sales and marketing plan of Chunian Aqua Business Park and management training program for the current financial year. Board also approved the inclusion of newly nominated director Shehzad Azam Khan and the minutes of 152nd 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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