SEZs to bring industrial revolution in Punjab: Aslam Iqbal

LAHORE, February 23: Punjab Minister for Industries and Commerce Mian Aslam Iqbal has said that Special Economic Zones (SEZs) will usher in a new era of industrial revolution in the province.The minister said this while talking to the media persons at Faisalabad Industrial Estates Development and Management Company (FIEDMC) office on Wednesday, after hearing complaints regarding cancellation of plots of industrialists.The minister said that a conducive environment for investment has been created. There is a 10-year income tax exemption on investment in these zones, besides one-time rebate on all customs duties and taxes on plant and machinery imports. The provincial minister issued necessary instructions for redressal of some grievances. He said that world class industrial infrastructure has been provided in the industrial zones and one window facility has also been provided to the investors.He said that uninterrupted availability of gas, electricity and water is being ensured, and urged domestic and foreign investors should take advantage of investment opportunities in the special economic zones.Aslam said that 100 percent colonization of industrial estates would be ensured. “Development work in the industrial estates under FIDMAC should be completed expeditiously”,he directed. TLTP