One of the key functions of Industries, Commerce & Investment and Skills Development Department (IC&ID) is to establish Industrial Estates and SEZs, which is being done through three attached entities i.e. the Punjab Industrial Estates Development & Management Company (PIEDMC), Faisalabad Industrial Estates Development & Management Company (FIEDMC) and Punjab Small Industries Corporation (PSIC). Details of Industrial Estates / SEZs established by aforesaid organizations is as follows:
Punjab Industrial Estates Development & Management Company (PIEDMC)
Faisalabad Industrial Estate Development and Management Company
* The Industrial Area of Allama Iqbal Industrial City is based on the developed area of Phase-I. The remaining are is yet to be developed.
The following Financial benefits are provided in Special Economic Zones of FIEDMC:
- 10 Years Tax Holiday Corporate Income Tax (Direct Tax)
- One Time Exemption Custom Duty and Additional Custom Duty and Regulatory Duty
- One Time Exemption General Sales Tax (VAT), Additional Sales Tax (VAT), Withholding Income Tax (at import Stage)
Punjab Small Industries Corporation (PSIC)
Small Industrial Estates (Government Funded)
Small Industrial Estates (Self Financed) *
* Developed through collection of funds from private personals / industrialists eager to establish new units
The following SIEs of PSIC are under Development Phase:
Through Government Funds:
- Surgical City, Sialkot
- SIE, Gujrat