PBIT, Ittehad Chemicals sign MoU

LAHORE: Punjab Board of Investment and Trade (PBIT) and Ittehad Chemicals Limited have signed a memorandum of understanding (MoU) to establish state of the art facility, valued at $40 million, as Punjab continues to boost its economy by attracting investors globally. The establishment of this facility for the production of vaccine is expected to boost Punjab’s status internationally on the level of manufacturing chemicals. According to the MoU, PBIT and ICL will work together for greater efficiency, common objectives and willingness to prosper.

Jahanzeb Burana, CEO, PBIT, and Waqas Khatri, executive director, Ittehad Chemicals signed the MoU at the investment board’s office.