Lahore: According to news reports, the Punjab government declared on Monday (September 20) that freshly issued no-objection certificates (NOCs) to establish cement factories in the province will be cancelled if the cement makers fail to start the projects within six months of the date of issuance.
Mian Aslam Iqbal, Punjab’s Minister of Industry, Commerce and Trade, presided over a review meeting to assess the status of NOCs issued for the construction of new cement plants. The issues causing the delays in the development of new cement companies were highlighted at the meeting. Due to environmental and other factors, only a few manufacturers have begun working on NOCs, according to the ministry.
Furthermore, it was claimed that the government has ordered cement manufacturers to offer a timeframe for the project’s implementation within a week. NOCs were issued on a fast-track basis by the government in order to create jobs, encourage the construction industry, and boost investment.
It’s worth noting that new sectors are springing up in the province as a result of the present government’s pro-business policies. So far, ten NOCs have been issued, with more to follow after the cabinet approves them.