LAHORE: Punjab Board of Investment & Trade (PBIT) joins hands with Urban Unit for conceiving and designing the future industrialization road map of Punjab by synergizing the efforts for promoting planned and well-organized development of future industrial footprint in the province.

In this regard CEO Urban Unit Muhammad Omar Masood and CEO Punjab Board of Investment & Trade Dr. Erfa Iqbal here Monday signed a Memorandum of Understanding to collaborate for common objective of conceiving and designing the future industrialization road map of Punjab. Provincial Minister for Industries, Commerce, Investment & Skill Development Department Mian Muhammad Aslam Iqbal also witnessed the signing ceremony.

Speaking on the occasion, Provincial Minister Aslam Iqbal said that PBIT and Urban Unit will work together for research, information gathering, data sharing and analysis for devising a viable future industrialization policy of Punjab; so as to enable planning and channeling local and foreign investment across different industrial sectors.

CEO PBIT Dr. Erfa Iqbal said that the collaboration between Urban Unit and PBIT will provide a platform to the Provincial Government for future industrialization plan along with comprehensive recommendations of necessary enabling interventions required by the provincial and the federal governments.

Chief Executive Officer Urban Unit Muhammad Omar Masood said that PBIT and Urban Unit will cooperate for identification of potential geo/demographic opportunities in terms of the location and cluster preferences, size, facilities and other features, within the province to set the baseline for planning, designing and establishing future industrial zones, industrial clusters and growth corridors as per the international standards.

The MoU ceremony was also attended by Secretary ICI&SDD Dr. Wasif Khurshid, COO PBIT Jalal Hassan, Director P&PR Sohail Qadri while Urban Unit representatives Sara Ibtisar and Usman Zia were present to witness the ceremony.