Pakistan Businessmen and Intellectuals Forum (PBIF) president Mian Zahid Hussain has urged Khyber Pakhtunkhwa government for taking notice of the plight of Marble City Risalpur (MCR).
The promised facilities to the investors should be provided to attract an investment of Rs 6 billion which will boost revenue and employment, he said.
Mian Zahid Hussain said Pakistan Stone Development Company (PSDC) announced the establishment of MCR in 2009 on 185 acres of land. Some 199 plots were offered at high rates and a promise was made to provide all facilities in 18 months. He said PASDEC has managed some sub-standard power, sewerage and road work but it has not provided the promised facilities despite the lapse of ten years.
He noted that lack of proper infrastructure has resulted in a lack of interest on the part of investors; therefore, only 35 units could be completed while another 30 are under construction.
He said units on remaining plots will only be established when infrastructure is improved and uninterrupted power supply is ensured through the dedicated powerhouse. Presently the factories rely on shared electricity which is subjected to outages and fluctuation.
The local electric supply company is not interested in improved electricity provision to MCR as its administration has not paid their dues while investors have already paid all dues.
He said federal and provincial governments should improve the state of affairs in MCR to attract investment.
Copyright Business Recorder, 2019
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