LAHORE: In its 151st meeting, the Board of Directors of the Punjab Industrial Estates Development and Management Company on Monday approved the release of Rs3 billion for completing six development projects during the current fiscal.

The allocation includes Rs1 billion for the Quaid-e-Azam Business Park, Rs1.015 billion for the Bahawalpur Industrial Zone, Rs50 million for feasibility study of the Sialkot Industrial Zone, Rs450 million for the construction of state-of-the-art auto technology park at the Quaid-i-Azam Business Park, Rs100 million for bio equivalence facility in the PDTRC, Sundar Industrial Estate, and Rs250 million for 132kV grid station in the Bhalwal Industrial Zone.

The BoD meeting presided over by BoD Chairman Syed Nabil Hashmi also approved launch of training and internship programmes for university students, provision of security services in industrial zones, exemption of five per cent service charges on return of plots in Rahim Yar Khan, Bhalwal and Vehari industrial zones due to the restrictions of Special Economic Zones. It also approved proceedings of the 150th board meeting.

Published in Dawn, August 31st, 2021