PIEDMC committee holds meeting

LAHORE: The special economic zone committee of the Punjab Industrial Estates Development and Management Company (PIEDMC) granted the status of special zone enterprise to the recipients of industrial plots in Quaid-e-Azam Business Park.

The committee met under the chairmanship of Syed Nabeel Hashmi gave this status to Rumi Fabrics, Fabrizo, Petpak Films, Chromatics, Global Packaging Films, Starlet Innovations, Ajmer Foods, Back Packaging, and AHS Pvt Ltd. These companies would bring an investment of 20 billion that would create thousands of new jobs.

PIEDMC chairman directed the management to expedite the development works in all industrial zones especially Quaid-e-Azam Business Park, and provide timely and best services to the customers through one window operations. He said industries with special enterprise status would be given one-time exemption for machinery import and income tax exemption for 10 years.