The board of directors of Punjab Industrial Estates Development and Management Company (PIEDMC) has approved the award of a contract for development works at the Quaid-e-Azam Business Park, Sheikhupura at a cost of Rs8.49 billion.

Previously, the contract for these development works was awarded at a cost of Rs15 billion, but the present board saved about Rs6.5 billion by utilising its technical experience and ensuring transparency by fully following PPRA rules.

Read: Tax holiday granted for Quaid-e-Azam Business Park

The board approved minutes of the 147th board meeting and reviewed implementation of previous decisions.

The board, on recommendations of the procurement committee, approved Rs2.9 million for third-party validation of the Quaid-e-Azam Solar Park, Bahawalpur and Rs11.8 million for CCTV surveillance system operations and maintenance.

Published in The Express Tribune, April 30th, 2021.

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