Expansion of RYK, Multan Industrial Estate Phase II approved

LAHORE: Chairman PIEDMC Javed Iqbal presided the 164th meeting of the company's Board of Directors. The board approved the expansion of Rahim Yar Khan and Multan Industrial Estate Phase II. The Graduate Trainee Program will be started for young students under Corporate Social Responsibility.

The Board of Punjab Industrial Estates Development and Management Company approved entering into a contract for the supply of gas to zero point in Bhalwal Industrial Estate, to obtain OGRA license for Bahawalpur Industrial Estate and to start formal proceedings to acquire land of ETPB adjacent to Sunder Industrial Estate.

The Board approved to form a State Affairs Committee to oversee the issues related to industrial estates and a Finance Committee to supervise the financial affairs of the company. The board also approved revisions in the hiring criteria of the CEO and fixed the salary limits for the Chief Financial Officer and Company Secretary.

It was also approved to shift the head office of PIEDMC from Sunder Industrial Estate to Lahore City. Speaking at the meeting, Chairman PIEDMC Javed Iqbal said that every possible effort is being made to provide the best facilities to the industrialists and to create ease for them so that the industrialists put their problems on PIEDMC and only focus on running their industries and contribute in the national economy.

Board Directors Sajid Saleem Minhas, Mian Noman Kabir, Muhammad Ahmad Khan, Dr. Shahid Raza, Sohail Azhar, CEO PIEDMC Ali Moazzam Syed, and officers from the Department of Industries, Labor, and TEVTA attended the meeting.

Copyright Business Recorder, 2024