Foreign investors eye Bhalwal Estate

LAHORE: Chairman Punjab Industrial Estates Development and Management Company Rizwan Khalid Butt said Chinese and overseas Pakistanis' investors were rating Bhalwal Industrial Estate high for investment because of its short distance from motorway, a statement said on Friday.

“This site is situated in the middle of Lahore-Islamabad motorway therefore local and foreign investors were showing extraordinary interest,” Butt added. In addition, two different investors from the US and UAE respectively are planning a plastic factory and a pharmaceutical unit in near future.

Moreover, Butt informed the potential investors that the Board of Investment (BOI) Pakistan was set to declare the status of Special Economic Zone for Bhalwal Industrial Estate. PIEDMC is in process of inviting bids for a grid station at the estate. He hoped that these two steps would attract more investors in future. So far 100 industrial plots have been sold at Bhalwal Industrial Estate.