{"id":61432,"date":"2020-02-14T12:07:26","date_gmt":"2020-02-14T07:07:26","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=61432"},"modified":"2020-02-14T12:07:27","modified_gmt":"2020-02-14T07:07:27","slug":"piedmc-asks-investors-develop-factories-sezs","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/piedmc-asks-investors-develop-factories-sezs.html","title":{"rendered":"PIEDMC asks investors to develop factories in SEZs"},"content":{"rendered":"\n<p>Lahore: The Punjab Industrial Estates Development &amp; Management Company (PIEDMC) has asked local and foreign investors to develop factories in four special economic zones (SEZs) of the province, a news source reported. As per the publication, these facilities are being set up to boost local production and to increase the country\u2019s export volume.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/govt-set-up-four-sezs-2020-umar.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Govt to set up four SEZs in 2020: Umar (opens in a new tab)\">Govt to set up four SEZs in 2020: Umar<\/a><\/p>\n\n\n\n<p>PIEDMC Chief Executive Officer (CEO) Muhammad Javed Ilyas expressed his views on the matter during a meeting with office-bearers of the <a href=\"https:\/\/www.zameen.com\/news\/pakistan-can-serve-as-food-basket-of-the-region-with-chinese-help-lcci-president.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Lahore Chamber of Commerce &amp; Industry (LCCI) (opens in a new tab)\">Lahore Chamber of Commerce &amp; Industry (LCCI)<\/a>.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sezs-to-change-the-fates-of-citizens-punjab-cm.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"SEZs to change the fates of citizens: Punjab CM (opens in a new tab)\">SEZs to change the fates of citizens: Punjab CM<\/a><\/p>\n\n\n\n<p>He stated that the SEZs would attract investment in industrial infrastructure, connect local firms with global value chains, produce employment opportunities, and enhance export-oriented growth.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/development-of-rashakai-other-sezs-kp-govts-top-priority-cm.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Development of Rashakai, other SEZs KP govt\u2019s top priority: CM (opens in a new tab)\">Development of Rashakai, other SEZs KP govt\u2019s top priority: CM<\/a><\/p>\n\n\n\n<p>The zones will facilitate the overall investment atmosphere, transfer technology to local economies, streamline administrative procedures, and reduce transaction costs for foreign direct investment (FDI), he added.<\/p>\n\n\n\n<p><strong>Read:<a href=\"https:\/\/www.zameen.com\/news\/pm-directs-quick-establishment-sezs.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" PM directs for quick establishment of SEZs (opens in a new tab)\"> <\/a><\/strong><a href=\"https:\/\/www.zameen.com\/news\/pm-directs-quick-establishment-sezs.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" PM directs for quick establishment of SEZs (opens in a new tab)\">PM directs for quick establishment of SEZs<\/a><\/p>\n\n\n\n<p>He further informed the LCCI representatives that the SEZs were located in close proximity to motorways and would provide employment to 450,000 skilled workers and about two million unskilled workers. Additionally, they will improve trade balance through exports and increase tax revenue and GDP.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/legal-action-planned-against-factories-found-polluting-keenjhar-lake.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Legal action planned against factories found polluting Keenjhar Lake (opens in a new tab)\">Legal action planned against factories found polluting Keenjhar Lake<\/a><\/p>\n\n\n\n<p>He further stated that\nthe Quaid-e-Azam Business Park (<em>QABP<\/em>) would be developed on 1,536 acres, Bhalwal SEZ on\n427 acres, Vehari SEZ on 250 acres, and Rahim Yar Khan SEZ on 456 acres of\nland.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Punjab Industrial Estates Development &amp; Management Company (PIEDMC) has asked local and foreign investors to develop factories in four special economic zones (SEZs) of the province, a news source reported. As per the publication, these facilities are being set up to boost local production and to increase the country\u2019s export volume. Read: Govt to set up four SEZs in 2020: Umar PIEDMC Chief Executive Officer (CEO) Muhammad Javed Ilyas expressed his views on the matter during a meeting with office-bearers of the Lahore Chamber of Commerce &amp; Industry (LCCI). Read: SEZs to change the fates of citizens: Punjab CM He stated that the SEZs would attract investment in industrial infrastructure, connect local firms with global value chains, produce employment opportunities, and enhance export-oriented growth. Read: Development of Rashakai, other SEZs KP govt\u2019s top priority: CM The zones will facilitate the overall investment atmosphere, transfer technology to local economies, streamline administrative procedures, and reduce transaction costs for foreign direct investment (FDI), he added. Read: PM directs for quick establishment of SEZs He further informed the LCCI representatives that the SEZs were located in close proximity to motorways and would provide employment to 450,000 skilled workers and about two million&hellip;<\/p>\n","protected":false},"author":76,"featured_media":61434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012],"tags":[19312,19311,19314,19313],"persona":[],"class_list":{"0":"post-61432","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"tag-four-special-economic-zones-sezs","9":"tag-investors-to-develop-factories-in-sezs","10":"tag-piedmc","11":"tag-the-punjab-industrial-estates-development-management-company-piedmc","12":"cat-15012-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PIEDMC asks investors to develop factories in SEZs - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The Punjab Industrial Estates Development &amp; 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