Provincial Minister of Industry and Commerce Chaudhry Shafi Hussain visit to Faisalabad for Allama Iqbal Industrial City 6.7 Approval of billion development plan

Faisalabad(94 News City Reporter) Provincial Minister for Industry and Commerce Chaudhry Shafi Hussain visited Faisalabad. He presided over the meeting of the board of directors along with the Chairman of FIDMC Rana Azhar Waqar at the head office of FIDMC. In the meeting 16 The points on the agenda were considered. The Board approved the recommendations of the Human Resource Committee for the appointment of the Secretary Board. For Allama Iqbal Industrial City. 6.7 1 billion development plan was approved. Organized by FIDMIC to improve the security of foreign investors in industrial estates. 791 Funds of Rs.million were approved. Approval was given to start the process of appointment of Legal Advisor to speed up the legal affairs of FIDMIC. The Board also approved in principle the Industrial and Commercial Building Regulations. 3 Approval of the financial audit report of the year. The board gave in-principle approval to the policy of bringing bank branches in industrial estates under the auspices of FIDM.
Speaking on this occasion, Provincial Minister of Industry and Commerce Chaudhry Shafi Hussain said that all the matters of FEDMIC should be carried forward according to the rules, providing better facilities to the industrialists is the first priority of the government. Chaudhry Shafi Hussain said that in Faisalabad. 50 A state-of-the-art expo center will be built on an acre area. A world-class community center is also being built for 450 Chinese in Fidmak. The provincial minister rejected the proposal to increase the price of plots in industrial estates organized by Fidmak and said that Fidmak is the largest industrial estate of Pakistan, unfortunately there is no bank branch here. Branches of various banks will be brought in Fidmak.
On this occasion, the board postponed some agenda items. CEO Fedmic Qarat Al-Ain gave a detailed briefing to the board.
Chairman Padmak Rana Azhar Waqar and board members participated in the meeting. Secretary Industries Umar Masood, Deputy Commissioner Faisalabad and some members participated in the meeting through video link.