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Business Recorder
30-05-2025
- Business
- Business Recorder
Minister opens 20th Plastic, Packaging Industry expo
LAHORE: Provincial Minister for Industries and Commerce, Chaudhry Shafay Hussain, inaugurated the three-day 20th Plastic and Packaging Industry Exhibition at the Expo Center. The exhibition, which commenced on May 29, will run until May 31. During his visit, the provincial minister inspected the stalls set up by over 200 companies from 30 countries participating in the exhibition. Chaudhry Shafay Hussain announced that a new policy regarding industrial estates is being introduced, which will come into effect after approval from the Chief Minister of Punjab. According to him the new policy aims to promote industrialization by reducing plot prices in industrial estates. Furthermore, the government plans to eliminate land mafia, which has been involved in property businesses in industrial estates. According to the new policy, plots will be canceled if factories are not established within two years. The minister disclosed that agreements were made with major investor groups during his recent visit to China to invest in Punjab. Vivo, a Chinese mobile company, is setting up a plant in the Industrial Estate Faisalabad, and Vivo mobile phones will start manufacturing in Punjab within the next 18 months. Chaudhry Shafay Hussain emphasised the importance of tree plantation to mitigate the effects of climate change. The Punjab government, under the leadership of Chief Minister Maryam Nawaz Sharif, is working to promote tree plantation. The Provincial Minister also highlighted that promoting the electric vehicle sector is a top priority for the government, with efforts underway to establish electric vehicle manufacturing plants in Punjab. Foreign companies are prioritising investments in Punjab, with a Chinese company planning to set up a lithium battery plant. Pakistan's packaging industry has made significant progress, attracting foreign companies to invest in Punjab. Copyright Business Recorder, 2025
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Business Standard
15-05-2025
- Business
- Business Standard
Punjab to offer subsidy for setting up paddy straw-based boilers: Minister
This step will not only promote the use of paddy residue as a fuel in industries and help paddy straw management but will also supplement income of paddy growers, Minister Tarunpreet Singh Sond said The Punjab government will give capital subsidy to industries for setting up paddy straw-based boilers, Cabinet Minister Tarunpreet Singh Sond said here on Thursday. Industries and Commerce minister Sond said the state government has earmarked Rs 60 crore of funds as capital subsidy to support industries for using paddy straw as fuel in their boilers. This step will not only promote the use of paddy residue as a fuel in industries and help paddy straw management but will also supplement income of paddy growers, he said. "We have asked industries to use paddy straw in their boilers," said Sond while speaking to reporters here. This move will also help in reducing industries' reliance on coal being used as fuel to run boilers. Giving details of the scheme, Sond said the state government will provide a capital subsidy of Rs 1 crore for setting up a new paddy straw-based boiler having a capacity of 8 tonnes and Rs 2 crore of subsidy for 16-tonnes of boiler. He further said a subsidy of Rs 50 lakh will be given for converting existing boilers into paddy stubble-based boilers for 8-tonnes capacity and Rs 1 crore for 16-tonnes capacity boilers. The minister said the government has also allowed the industries to use 20 per cent biofuel along with 80 per cent of paddy straw as a fuel in boilers. Replying to a question, Sond said with the introduction of the capital subsidy scheme, industries will be encouraged to source paddy straw from fields to use it as a fuel in their units. Notably, the Punjab government in its Budget in March had committed Rs 60 crore in capital subsidies to support industries transitioning to paddy stubble-based boilers. Stubble burning in Punjab and Haryana is often blamed for the rise in air pollution in Delhi after harvesting of the paddy crop in October and November. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Recorder
01-05-2025
- Business
- Business Recorder
Korangi industrial area: Sindh committed to improve infrastructure: minister
KARACHI: Sindh Minister for Industries and Commerce Jam Ikramullah Dharejo has said that Sindh Government is committed to improve infrastructure in Korangi Industrial Area like roads, street lights, drainage system and security system to attract international foreign buyers. This he said as a chief guest at a lunch, here at Pakistan Tanners Association South Zone office, he said that we had made friendly industrial policy and the issues faced by the leather sector would be resolved on priority basis. Chairman PTA Danish Aman briefed provincial minister for Industries and Commerce Jam Ikramullah Dharejo about the problems faced by the leather sector. Secretary Industries and Commerce Muhammad Yasin Shar Baloch, Danish Aman Chairman PTA (S.Z), Yousuf Shafiq Vice Chairman, Hamid Zahur Chairman PTA-Central, Ejaz Ahmed Sheikh Senior Member, Aziz Ahmed Ex-Chairman Infrastructure and others were also present. Copyright Business Recorder, 2025
