AIRLINK 62.48 Increased By ▲ 2.05 (3.39%)
BOP 5.36 Increased By ▲ 0.01 (0.19%)
CNERGY 4.58 Decreased By ▼ -0.02 (-0.43%)
DFML 15.50 Increased By ▲ 0.66 (4.45%)
DGKC 66.40 Increased By ▲ 1.60 (2.47%)
FCCL 17.59 Increased By ▲ 0.73 (4.33%)
FFBL 27.70 Increased By ▲ 2.95 (11.92%)
FFL 9.27 Increased By ▲ 0.21 (2.32%)
GGL 10.06 Increased By ▲ 0.10 (1%)
HBL 105.70 Increased By ▲ 1.49 (1.43%)
HUBC 122.30 Increased By ▲ 4.78 (4.07%)
HUMNL 6.60 Increased By ▲ 0.06 (0.92%)
KEL 4.50 Decreased By ▼ -0.05 (-1.1%)
KOSM 4.48 Decreased By ▼ -0.09 (-1.97%)
MLCF 36.20 Increased By ▲ 0.79 (2.23%)
OGDC 122.92 Increased By ▲ 0.53 (0.43%)
PAEL 23.00 Increased By ▲ 1.09 (4.97%)
PIAA 29.34 Increased By ▲ 2.05 (7.51%)
PIBTL 5.80 Decreased By ▼ -0.14 (-2.36%)
PPL 107.50 Increased By ▲ 0.13 (0.12%)
PRL 27.25 Increased By ▲ 0.74 (2.79%)
PTC 18.07 Increased By ▲ 1.97 (12.24%)
SEARL 53.00 Decreased By ▼ -0.63 (-1.17%)
SNGP 63.21 Increased By ▲ 2.01 (3.28%)
SSGC 10.80 Increased By ▲ 0.05 (0.47%)
TELE 9.20 Increased By ▲ 0.71 (8.36%)
TPLP 11.44 Increased By ▲ 0.86 (8.13%)
TRG 70.86 Increased By ▲ 0.95 (1.36%)
UNITY 23.62 Increased By ▲ 0.11 (0.47%)
WTL 1.28 No Change ▼ 0.00 (0%)
BR100 6,944 Increased By 65.8 (0.96%)
BR30 22,827 Increased By 258.6 (1.15%)
KSE100 67,142 Increased By 594.3 (0.89%)
KSE30 22,090 Increased By 175.1 (0.8%)
Pakistan

Investment linked to industries' progress: CM

  • He ordered for further expediting the process of issuing the NOCs besides simplifying the rules and regulations for the convenience of investors.
Published September 25, 2020

LAHORE: Punjab Chief Minister Sardar Usman Buzdar Friday said that investment could only be boosted if industries in the province make progress.

Also, he added, new investment could create numerous opportunities for employment.

Chairing a meeting at the CM office, Usman Buzdar said that the provincial government had taken a major step for promotion of investment of billions of rupees in the province through simplifying issuance of no objection certificates (NOCs) from different departments for setting up of cement factories.

"The government has also linked the issuance of NOCs with a timeline whereas it has been decided to made necessary amendment to the rules and regulations regarding the unused mining lease," he said and added that the government would facilitate investors by all means.

He ordered for further expediting the process of issuing the NOCs besides simplifying the rules and regulations for the convenience of investors.

Usman Buzdar said that he would not tolerate any delay in this regard.

He expressed satisfaction over the progress made in issuance of the NOCs and lauded the performance of industries and other departments concerned.

Buzdar ordered for constituting a steering committee, headed by the secretary Local Government. This committee will review the entire process and ensure timely issuance of the NOCs.

The secretary industries briefed the meeting that the Punjab government had received 23 applications for installing cement plants.

The NOCs would be issued to five applicants on the beginning of next month whereas necessary action has been initiated on the rest of the applications. A cement plant costs Rs. 30 to 40 billion.

Provincial Minister Mian Aslam Iqbal, Chief Secretary, Secretaries Local Government, heads of Irrigation, Industry, Minerals, Environment, Special Monitoring Unit and officials concerned were present.

Comments

Comments are closed.