Huge investment in Punjab, Minerals Department issues licenses for establishing 8 new cement factories

During tenure of previous government this sector was also ignored, owing to special efforts of Hafiz Ammar Yasir new companies agreed to make investment in cement sector

Lahore (05-10-2020) On the direction of Pakistan Muslim League’s Provincial Minerals Minister Hafiz Ammar Yasir, Minerals Department has issued licenses to 8 companies willing to make investment in Punjab for establishing cement factories.

Talking on this occasion Provincial Minerals Minister Hafiz Ammar Yasir said that under leadership of Chief Minister Punjab Sardar Usman Buzdar the province is making headway towards progress and development, invest of Rs 30 to 40 billion is made in one cement factory, hopefully an investment of about Rs 300 billion will be made in Punjab immediately.

It may be mentioned here that during tenure of previous government there was ban on establishing new cement factories because of which no investment was made in this sector also like other sectors when Muslim League’s Provincial Minerals Minister Hafiz Ammar Yasir took over the charge then he got the ban on this sector withdrawn especially and issued directions to the department that facilities be provided for investment to those interested in this sector.

In the light of directions of Hafiz Ammar Yasir, Minerals Department had issued licenses to three companies in the meeting of the Mines Committee on July 14 and issued NOC to the Industries Department whereas another five companies have been issued licenses for establishing new cement factories today.#

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