Punjab Industrial Estates Development and Management Company (PIEDMC) chairman Rizwan Khalid Butt has appreciated the Punjab government for devising a new industrial framework to set up the Industrial Regulatory Authority of Punjab, a statement said on Friday.
The industrial framework would soon be in place to streamline the industrialisation process, he said.
He termed it a paradigm shift from the existing state of industrial affairs and expressed the hope that it would introduce a new disciplinary and regulatory environment in the province.
“There are more than 250,000 industrial units operational throughout the province and the new system would harmonise their activities in a befitting manner,” he added.
It would also be helpful in the implementation of internationally acclaimed quality standards, besides addressing the capacity-building issue, he added.
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