ESTABLISHMENT OF PIEDMC
In 2003, Government of Punjab announced its industrial policy. Punjab Industrial Estates Development and Management Company (PIEDMC) was established in pursuance of this industrial vision.
PIEDMC is a section 42 company, incorporated under Companies Ordinance 1984. The Company is owned by the Government of Punjab and is run by a Board of Directors (BOD) comprising of 16 directors. Majority of them are private sector industrialists and the rest are ex-officio members, demonstrating PIEDMC as a successful example of Public-Private Partnership.
The Chairman and Chief Executive Officer(CEO) are from the private sector and the day to day affairs are looked after by the CEO.
Rs. 1.00 Billion as a soft loan was provided to initiate development of new Industrial Estates.
The key objectives of PIEDMC:
Provide quality infrastructure.
Ensure efficient, cost effective and sustainable management of industrial estates.
To enact on “One Window Operation” by providing utilities and services at industrial estates.
Current Projects of
Up-gradation of Quaid-e-Azam Industrial Estate at Lahore 565 Acres
Up-gradation of Multan Industrial Estate - Phase-I 743 Acres
Multan Industrial Estate - Phase-II 667 Acres
Rahim Yar Khan Industrial Estate 456.17 Acres
Bhalwal Industrial Estate
Vehari Industrial Estate 343 Acres