PIEDMC To Set Up Facilitation Desk To Guide Investors
Faizan Hashmi Published March 02, 2017 | 04:40 PM
LAHORE, Mar 2 (UrduPoint / Pakistan Point News - 02nd Mar, 2017 ) : The Punjab Industrial Estates Development and Management Company (PIEDMC) will set up a facilitation desk for guidance of investors.
PIEDMC Chairman Rizwan Khalid Butt said this while talking to a group of investors here on Thursday. The group is planning to set up factories at the PIEDMC-run industrial estates. The desk will be located at Quaid-e-Azam Industrial Estate.
"We will guide investors on investment decisions through research-based studies", he said. He said investors that PIEDMC had set up eight industrial estates on a total area of 5,000 acres and every acre of land produced 100 jobs on an average which meant the PIEDMC would create 500,000 jobs in the next one-and-a-half years.
He said majority of the industrial estates were near completion and now the real challenge was to suggest the investors what type of industrial units they should set up on these industrial estates.
He said the PIEDMC would set up one industrial estate in each district of the province to create jobs and give rise to the provincial GDP. The industrial growth was essential to ensure fruitful results to the economy, he added.
He said the PIEDMC was developing business-friendly policies to support the business community by and large besides answering to the issues relating to industrial expansion in the province. He said the PIEDMC was following a multi-tier strategy in the province to promote industrialization to address the issues relating to industrial coding, environmental policy framework, sector clustering, waste management and many more.
He said the Punjab government was in the process of formulating a policy framework for industrial networking in Punjab. "The PIEDMC was fully supportive to this initiative in order to facilitate the industrial units set up within the industrial estate premises," he added.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 28 April 2024
Today Gold Rate in Pakistan 28 April 2024
Fresh wave of rainfall in AJK continues for the second consecutive day
Babar, bowlers help Pakistan level series 2-2 against New Zealand
Attack in restive Chilean province leaves three police officers dead
PM, Saudi Royal court advisor discuss ways to boost economic ties
England clinch third successive Women's Six Nations Grand Slam
DC Bahawalnagar leads fight for fair bread prices
Sheffield Utd relegated from Premier League
02 proclaimed offenders arrested by Wah Police
Pakistan level T20I series with nine-run victory over New Zealand
Minister meets Chinese Consul General, discusses bilateral cooperation, Chinese ..
More Stories From Pakistan
-
IIOJK witnessing upsurge in arrest, CASOs, harassment
12 minutes ago -
CM KP expresses grief over loss of precious life in rain-related incidents
21 minutes ago -
IGP Islamabad commends officers for effective duty
22 minutes ago -
Main issue of Lok Sabha polls restoration of basic rights of IIOJK people: Mehbooba Mufti
22 minutes ago -
‘IIOJK witnessing upsurge in arrest, CASOs & harassment’
22 minutes ago -
Two woman, five children injured in Bajaur roof collapsed incident
22 minutes ago
-
Search & combing operation conducted at PS Kohsar jurisdiction
22 minutes ago -
Drug Addiction: DRC treats over 5700 drug addicts hailing from SP
42 minutes ago -
44 outlaws held, narcotics, weapons seized
42 minutes ago -
Two dacoits in police custody injured during encounter
52 minutes ago -
Dry weather likely to persist in city
52 minutes ago -
Two cops sustain bullet injuries during encounter with dacoits
52 minutes ago