The 105th Board meeting of The Punjab Small Industries Corporation (PSIC) on Tuesday accorded approval to its annual budget 2019-20 amounting to Rs3898.936 million. The meeting presided over by Punjab Minister for Trade and Industries, Mian Aslam Iqbal also approved establishment of a regional office in the Sahiwal Industrial Estate. Secretary Industries Tahir Khursheed, Additional Secretary and board members attended the meeting.
The Minister expressed displeasure over the slow process of setting up of industrial units in the industrial estates and added that non-colonization of the small industrial estate is regrettable. He inquired why implementation of law regarding the colonization of small industrial estates has not yet been ensured. He said that it would not happen now that the plots are occupied by unwilling people while the intending businessmen are waiting for the He said the PSIC Board is autonomous and it should perform the duty honestly and diligently instead of making others responsible for its negligence. It will have to take necessary steps with accelerated speed for the colonization of small industrial estates because industrial units should be set up on the land acquired for the purpose of trade and economic activities.
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