ESTABLISHMENT OF PIE
In 2003, Government of Punjab announced its industrial policy. Punjab Industrial Estates & Development Company (PIE) was established in pursuance of this industrial vision.
PIE 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 PIE as a successful example of Public-Private Partnership.
The Chairman/Chief Executive Officer 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 PIE:
Provide quality infrastructure.
Ensure efficient, cost effective and sustainable management of industrial estates.
To enact on “One Window Operation” by providing utilities and services to industrial estates.
Current Projects of PIE
- Development of new Industrial Estate at Sundar Lahore (1602 Acres)
Up-gradation of Quaid-e-Azam Industrial Estate at Lahore (565 Acres)
Up-gradation of Multan Industrial Estate - Phase-I (743 Acres)
Expansion of Multan Industrial Estate - Phase-II (667 Acres)
- Rahim Yar Khan (450 Acres)
- Bhalwal (400 Acres)
- Vehari (200 Acres)