PIEDMC approves Rs44bn budget for 2026-27

Business Recorder reported that the Punjab Industrial Estates Development and Management Company (PIEDMC) board has signed off on a budget of Rs44 billion for fiscal 2026-27. Of that total, Rs15 billion is earmarked for development work across industrial zones the company runs. The decision was taken during the board's 177th session, presided over by chairman Shahzad Azam Khan.

The board also cleared extra funding of Rs630 million for LESCO to put in a transmission line at Quaid-e-Azam Business Park, and Rs590 million for MEPCO to finish a grid station in Vehari. Further approvals covered transformer purchases for Sundar Industrial Estate, the company's audited accounts through June 30, 2024, and steps toward buying land to widen Quaid-e-Azam Business Park under Punjab Cabinet rules.

Chairman Khan said the firm would act jointly to advance industrial growth and address problems raised by industrialists, with all decisions made within the law. Directors Sajid Saleem Manhas, Mian Nauman Kabir, Muhammad Ahmed Khan, Dr Shahid Raza and Sohail Azhar attended, along with COO Ali Azam Syed and officials from several departments.