4 companies get special zone enterprise status

LAHORE: Punjab Industrial Estates Development and Management Company CEO Ali Muazzam Syed chaired the Punjab Special Economic Zone Committee meeting.

The meeting approved the regularisation and granted special zone enterprise status to the companies that were held due to legal complications.

The meeting approved regularising 30 void cases of the companies that acquired industrial plots in Quaid-i-Azam Business Park, Vehari Industrial Zone, Bhalwal Industrial Zone, and Rahim Yar Khan Industrial Zone.

These cases were held due to legal complications and now have been regularised and granted special zone enterprise status after scrutiny of all the documents and in light of the directives of the federal and provincial governments. By granting the status of special zone enterprises to these companies, a total of more than Rs4 billion will be invested and thousands of new jobs will be provided.