AGL 38.31 Increased By ▲ 0.09 (0.24%)
AIRLINK 129.00 Increased By ▲ 0.03 (0.02%)
BOP 8.72 Increased By ▲ 0.87 (11.08%)
CNERGY 4.78 Increased By ▲ 0.12 (2.58%)
DCL 8.57 Increased By ▲ 0.25 (3%)
DFML 38.62 Decreased By ▼ -0.32 (-0.82%)
DGKC 84.82 Increased By ▲ 2.88 (3.51%)
FCCL 34.92 Increased By ▲ 1.50 (4.49%)
FFBL 77.80 Increased By ▲ 2.09 (2.76%)
FFL 12.95 Increased By ▲ 0.13 (1.01%)
HUBC 110.70 Increased By ▲ 0.34 (0.31%)
HUMNL 14.50 Increased By ▲ 0.49 (3.5%)
KEL 5.42 Increased By ▲ 0.27 (5.24%)
KOSM 7.92 Increased By ▲ 0.25 (3.26%)
MLCF 41.32 Increased By ▲ 1.52 (3.82%)
NBP 71.20 Decreased By ▼ -1.12 (-1.55%)
OGDC 191.50 Increased By ▲ 3.21 (1.7%)
PAEL 26.25 Increased By ▲ 0.62 (2.42%)
PIBTL 7.46 Increased By ▲ 0.09 (1.22%)
PPL 157.25 Increased By ▲ 4.58 (3%)
PRL 25.85 Increased By ▲ 0.46 (1.81%)
PTC 18.81 Increased By ▲ 1.11 (6.27%)
SEARL 83.20 Increased By ▲ 0.78 (0.95%)
TELE 7.88 Increased By ▲ 0.29 (3.82%)
TOMCL 32.99 Increased By ▲ 0.42 (1.29%)
TPLP 8.42 No Change ▼ 0.00 (0%)
TREET 17.10 Increased By ▲ 0.32 (1.91%)
TRG 56.46 Increased By ▲ 0.42 (0.75%)
UNITY 29.02 Increased By ▲ 0.24 (0.83%)
WTL 1.38 Increased By ▲ 0.03 (2.22%)
BR100 10,799 Increased By 140.8 (1.32%)
BR30 31,934 Increased By 602.7 (1.92%)
KSE100 100,277 Increased By 1008.2 (1.02%)
KSE30 31,288 Increased By 255.2 (0.82%)

The Board of Investment (BoI), government of Pakistan has approved to grant the status of special economic zone (SEZ) as part of its plan to promote investment in the country. Chairman Punjab Industrial Estate Development and Management Company (PIEDMC) Malik Tahir Javed has welcomed the BOI's decision and said the Quaid-e-Azam Apparel Park would prove to be a milestone in the development of textile and garments sector.
He said that after getting the status of SEZ, the zone developer will get ten years income tax exemption and investors 5 years exemption. The Apparel Park spread over 1567 acres of land on the Sheikhupura Motorway will result in provision of job opportunities to millions of people.
Tahir Javed further said that the federal government has approved construction of an interchange on the Motorway, 20 minutes drive from Lahore to connect the Apparel Park with the motorway. He told this scribe that work was being carried out on the fast track to construct a labour colony, textile institute, commercial centre, exhibition centre, a hospital, a power house and other necessary facilities in the state-of-the-art Quaid-e-Azam Apparel Park.

Copyright Business Recorder, 2016

Comments

Comments are closed.