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PIEDMC plans to launch state-of-the-art industrial zone in Sialkot

Punjab Industrial Estate Development Management Company (PIEDMC) is currently working on a feasibility study for establishing a state-of-the-art industrial estate zone in Sialkot at 2,000 acres.

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According to PIEDMC Chairman Syed Nabeel Hashmi, Sialkot being Pakistan’s largest sports and surgical goods exporting hub — has no regular industrial estate. Therefore, PIEDMC has been trying to tackle this issue on a priority basis in an attempt to bring together this major industry at one place and provide it with a congenial environment.

To address the industrial needs of the country, major economic zones are needed and that is why industrial estates at Sahiwal, Muzaffargarh, Okara and other cities are also being planned, he added.

PIEDMC – Punjab Industrial Estates Development & Management Company – is a section 42 company incorporated under Companies Ordinance of 1984. It is an autonomous, not-for-profit entity owned by the Government of Punjab and is run by a Board of Directors (BOD) comprising of private sector industrialists and ex-officio members.

Read More: PIEDMC approves Rs8.5b contract for QABP

PIEDMC, initially conceived by Jehangir Khan Tareen when he was an advisor to the Pervaiz Illahi government in 2002, in Musharraf era, has proved to be one of the most successful examples of a Public-Private Partnership. Since 2002, its accomplishments in the form of estates like Sundar Industrial Estate, Multan Industrial Estate & QIE serve as successful and completed model projects.

Sialkot is home to around 1,500 major and over 10,000 small industrial units which are scattered around the city and its suburbs. Though the Sialkot Chamber of Commerce had also raised this issue time and again, no one till now has bothered to establish an industrial estate to gather all these industries at one place and that is why PIEDMC has stepped in.

PIEDMC Chairman Syed Nabeel Hashmi further said that he plans to install as many as 700 major industrial units at the estate as the city has two main industries — sports and surgical — which also outsource manufacturing of various items to the small industry/vendors.

The country needed economic zones consisting each of 5,000 acres or so in various parts of the country. Three meetings have been held by the PIEDMC board so far to finalize plans related to estate development in Sialkot and other cities, he said.

According to a spokesman for the PIEDMC, a piece of land measuring 1,000 acres has initially been indentified near Sohawan Wali on Sialkot motorway for launching the project.

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