PBIT to help GCCI in setting up coal gasification plant

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Punjab Board of Investment and Trade (PBIT) shall assist Gujranwala Chambers of Commerce and Industry (GCCI) in nominating foreign technology partners for a coal gasification plant wherein GCCI shall nominate a consortium of companies for the same. The nominated consortium of companies together with the proposed technology partners shall work to develop onsite coal gasification solutions for industrial units. It was announced during a visit of senior officials from PBIT to GCCI where its members expressed their concerns on the worsening energy crisis. On the occasion, GCCI President Malik Zhaeer thanked the PBIT Vice Chairman Dr Miftah Ismail and his team, comprising Dr Sajid Yoosufani, Dr Habib Gillani, Waqas bin Najeeb and Moazzam Husain, for visiting GCCI hence initiating a series of important interactions between both organisations for developing business climate in Punjab and supporting trade from this region. PBIT team shared investment opportunities in agro processing, dairy, poultry and meat processing sector with the members of the GCCI and assured support to investors for these projects. Replying to a question, Gujranwala additional commissioner said that CM’s GT Road Beautification Project was underway and a number of playgrounds were also being developed in Gujranwala. Members of the GCCI suggested an upgradation of manufacturing through engineering development for which PBIT offered its assistance. Gujranwala division was an important economic zone of Pakistan, which contains 60 per cent of Pakistan’s overall SME’s and contributes 30 per cent to Pakistan’s total exports.