RECORDER REPORT

LAHORE: Provincial Minister for Industries and Commerce Mian Aslam Iqbal said on Monday that with setting up of new cement factories investment of billion of rupees will come in to the province.

He expressed these views during his meeting with the representatives of companies obtaining NOC for setting up new cement plants in Punjab. During the meeting, progress was discussed regarding the timeline for setting up of new cement factories after the issuance of NOC.

The representatives of the companies informed the minister regarding delay in establishing new cement plants.

The minister said that within six months after obtaining NOC, the company is bound to start work on establishing cement plant. He said that the provincial government has issued 10 NOCs for setting up of new cement factories to promote the construction sector and increase employment opportunities and more NOCs would be issued after the approval of the Cabinet. The provincial minister said that never in the history of the country had so many NOCs been issued in such a short span of time. The faster NOCs are issued, the faster new cement factories will be set up.