Punjab industrial Zones allowed to have power plants

Lahore: All Industrial zones in the Punjab province were allowed to have their own power production plants so as enable them to cope with the ongoing energy crisis. Provincial Secretary Industries Tahir Rizvi disclosed this while addressing the Board of Management of Quaid-e-Azam Industrial Estate.

He said that full co-operation would be extended to all the industrialists who wanted to get license from Lesco for having their own plants. The business community is the backbone of the economy and all the genuine problems would be given priority, he said. The present government is working out an economic revival plan that would help the industry and facilitate the business community, which is under tremendous pressure owing to multiple factors.

It is a happy sign that the Quaid-e-Azam Industrial Estate was well on way and for this credit goes o the Board of Management of the Quaid-e-Azam Industrial Estate. Speaking on the occasion, the President of Quaid-e-Azam Industrial Estate Mian Nauman Kabir said the business community is paying high cost of power and gas while the rising interest rate has made the local products uncompetitive in the global market.

He also said the industrial estate needs Rs 300 million to start work on Phase-III and expressed hope that the government would release required funds soon.