Punjab Industrial Estates Development and Management Company (PIEDMC) will extend all out support to Islamabad Chamber of Commerce and Industry with regard to the establishment of its own Industrial Estate in the outskirts of the twin cities for the promotion of businesses, creation of jobs and attraction of foreign investment.

This has been stated by Amina Faisal, General Manager Business Development PIEDMC while speaking at Islamabad Chamber of Commerce and Industry during her visit and meeting with its President Ahsan Zafar Bakhtawari here on Monday.

She said that business community is the key stakeholder of country’s economy, therefore it deserves each and every facility for the cause to overcome the economic woes of the country, adding that ICCI-PIEDMC collaboration will go a long way for the economic development of the motherland.

While shedding light on some of the key initiatives of Punjab government for industrial development and ease of doing businesses in the province she said that the government is offering 10 years income tax holiday and one time exemption on all custom duties and taxes on import of industrial machinery to the investors in Special Economic Zones like Quaid –e-Azam Business Park, Rahim Yar Khan Industrial Estate, Bhalwal Industrial Estate and Vehari Industrial Estate.

Earlier, Ahsan Zafar Bakhtawari, President Islamabad Chamber of Commerce and Industry apprised the visiting guest about ICCI’s endeavors for the much need Industrial estate to facilitate the business community of the capital city which is determined to help the government to come out of the existing economic crunch. He went on to say that very soon a ICCI delegation will hold a meeting with Chief Minister Punjab with regard to the establishment of the Industrial Estate.

He added that Punjab government and especially the PIEDMC support for the materialization of the project will be of paramount significance and will definitely prove an encouraging step for the business community of Islamabad.

He also apprised her about the successful manners in which the ICCI organized the two day All Pakistan Chambers Presidents Conference and she on her part highly appreciated the Ahsan Zafar Bakhtawari, President ICCI for the initiative.

Former President FPCCI Zubair Malik acquainted her about the problems of the business community by saying the Public-Private Partnership for the flourishment of businesses is need of the hour.

Secretary General United Business Group Zafar Bakhtawari said that Nilla Dulla is the nearest possible place available for the Industrial estate and that if PIEDMC takes its ownership or otherwise extends its maximum possible support for fulfilling the plan will be a precious gift of Punjab government for the business community of Islamabad.

Former President Shaikh Tariq Sadiq also made the mention of the difficulties being faced by the community by underlining the need for the availability of the level playing field.

Those among other were also present on the occasion include former SVPs, Raffat Farid, Khalid Chaudhry and Sanaullah Durrani.