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Punjab Moves to Expand Industrial Estates, Approves 400-Acre Sialkot Zone

The initiative links investor offerings to a cleanup of estate governance following audit findings.

Overview

  • Chief Minister Maryam Nawaz Sharif granted approval in principle for a new industrial estate on 400 acres near Sialkot International Airport.
  • The government will offer four industrial estates to foreign investors, with the zones in Bhalwal, Vehari and Bahawalpur under consideration for potential Saudi investment.
  • The Chunian Industrial Estate was reassigned to the Punjab Fisheries Department for sectoral use.
  • Audits of FIEDMC and PIEDMC reported financial and procedural irregularities, and the chief minister ordered immediate action against those responsible.
  • A comprehensive policy review and rule changes were directed for all industrial estates, and an Ebiz portal was launched to provide online permits, licences, registration and land-use conversion.