LAHORE: The Board of Directors of Punjab Industrial Estates Development and Management Company (PIEDMC) has expressed concern over the delay in granting the status of enterprise to special economic zones (SEZs) and urged the federal and provincial governments to intervene as the issue is costing the company heavily.

In its 153rd meeting presided by PIEDMC chairman Syed Nabeel Hashmi on Tuesday, the board was informed that due to the delaying tactics on the part of the departments concerned in granting the enterprise status to SEZs, the company had to repay more than Rs500 million to the industrialists, while applications for refunds of Rs5 billion more had been received by it.

Expressing concern over the issue, the board directed that the matter be taken up at all forums of the federal and Punjab governments.

The participants of the meeting were also briefed on new industrial estates at Sialkot, Muzaffargarh and Rawalpindi under the management of PIEDMC.

The meeting approved extension of legal panel for PIEDMC, construction of new 132kV grid stations at Multan and Sundar industrial estates and payment for bank guarantee and annual fee to the National Electric Power Regulatory Authority for electricity distribution licence in Vehari Industrial Estate.

Published in Dawn, December 1st, 2021

Opinion

Editorial

Kurram atrocity
Updated 22 Nov, 2024

Kurram atrocity

It would be a monumental mistake for the state to continue ignoring the violence in Kurram.
Persistent grip
22 Nov, 2024

Persistent grip

An audit of polio funds at federal and provincial levels is sorely needed, with obstacles hindering eradication efforts targeted.
Green transport
22 Nov, 2024

Green transport

THE government has taken a commendable step by announcing a New Energy Vehicle policy aiming to ensure that by 2030,...
Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...