Auctions of Industrial Estate of Punjab plots: Minister for transparency and highest sale value

Provincial Minister for Industries, Commerce and Investment, (IC&C), Shaikh Alauddin has instructed to ensure transparency and highest sale value while auctioning plots in the Industrial Estate of Punjab.
He was chairing the meeting of Board of Members of the Punjab Small Industrial Corporation, (PSIC) here on Monday. The meeting was also attended among others by the Secretary IC&C Dr M. Mujtaba Piracha, Managing Director PSIC Bilal Butt, Muhammad Ali Mian and Saeeda Nazar of Lahore Chamber of Commerce & Industrial (LCCI) and other higher officers of the corporation. The house accorded approval to the minutes of the Board's last meeting.
The Minister stressed the need of enhanced awareness efforts regarding Punjab Self Employment Scheme saying that it was a remarkable initiative taken by the Chief Minister Punjab Muhammad Shehbaz Sharif as it was also replicated by the FATA and Gilgit Baltistan governments. The meeting was also informed that the Self Employment Scheme of Punjab was successful project in which recovery of the soft loans was more than 95 percent while all beneficiaries expressed high level of satisfaction. The Minister took serious notice of delay in the instalment of boiler at the Cluster Development Centre Hand Looms Multan and directed to complete it immediately. He also suggested strict action against the responsible persons and also ordered recovery of about Rs 300,000 from a contractor who did substandard electric work without prior approval of bidding process.