LAHORE: The completion of 16 under-construction cement factories in the province will generate an overall investment of Rs600 billion and thousands of jobs.

“Such a huge investment in the cement industry has never been made in history. It is the PTI government that created an enabling environment for new businesses,” Punjab Minister for Industry and Commerce Mian Aslam Iqbal claimed while presiding over a meeting held at the Punjab Board of Investment and Trade (PBIT) on Thursday.

Punjab issued dozens of No-Objection Certificates (NOCs) for setting up cement factories keeping in view its increasing demand in the construction industry. The 16 factories included four in Mianwali district, one in Pind Dadan Khan, two each in Taxila and Dera Ghazi Khan and seven in other parts of the province.

“The construction of three of the 16 factories is at an advanced stage, so they are likely to start production by the end of this year,” a source in the cement industry told Dawn. He said the new factories were being constructed along the limestone range from Salt Range to Kalabagh, Taxila-Karak-Kohat and DG Khan.

“Construction work on the new factories was launched after each establishment acquired two NOCs -- permission for building and limestone leasing rights,” he added. To a question, he said except one, all other factories were being established by the existing cement companies.

The Punjab government had earlier issued 22 NOCs for setting up cement factories while ensuring that no unit was established in the areas declared “negative” by a study, including Kallar Kahar, as the underground water had fast depleted.

According to the study, the Salt Range area had been found as an ideal location as almost all the key raw materials, including limestone, clay and gypsum, were available there.

The minister further said 20 agreements were signed at the Dubai International Expo (World Business Conference) for investment in Punjab. “These agreements will result in an investment of Rs45bn in the province,” Mr Iqbal added.

He directed the PBIT to expedite the implementation of these agreements and provide all possible facilities to the companies investing in various sectors in the province. Punjab had been made a hub of domestic and foreign investment in the 10 Special Economic Zones being set up here.

“More than Rs350bn has been invested in Punjab during the last three and a half years,” he claimed.

Published in Dawn, March 25th, 2022

Opinion

Editorial

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...
Islamabad protest
Updated 20 Nov, 2024

Islamabad protest

As Nov 24 draws nearer, both the PTI and the Islamabad administration must remain wary and keep within the limits of reason and the law.
PIA uncertainty
20 Nov, 2024

PIA uncertainty

THE failed attempt to privatise the national flag carrier late last month has led to a fierce debate around the...
T20 disappointment
20 Nov, 2024

T20 disappointment

AFTER experiencing the historic high of the One-day International series triumph against Australia, Pakistan came...