Bank Financing Facility for the up-coming Industrialist of Rachna Industrial Park

Lahore, March 06, 2013 (PPI-OT): National Industrial Parks Development and Management Company (NIP) has extended its facilitation for the up-coming Industrialist at Rachna Industrial Park by providing facilities of bank financing to purchase industrial plots and Project establishment.

This was announced by NIP CEO, Mr. Mohsin Syed at a meeting with small and medium enterprises representatives at NIP office here yesterday. The Chief Executive Officer Mohsin syed says that the primary objective of NIP is to assist the small and medium enterprises with the collaboration of renowned banks and financial institutions for extending term finance for investment in the manufacturing sector of the economy while NIP has also become an important component of the industrial sector of Pakistan as a public-private partnership to develop focussed industrial growth by setting up world-class industrial parks in the Pakistan.

For attaining its objectives, NIP and its collaborated banks and financial institutions provide medium and long term finance in local and foreign currencies for the creation of fixed assets to new industrial projects as well as for expansion, balancing, modernization or replacement of existing projects and also extends technical, financial and managerial advice to its clients in planning and execution of the industrial projects besides It facilitates transfer of technologies from developed countries to industrial enterprises in Pakistan, The CEO informed the gathering.

Giving details about the arrangements with banks MOHSIN SYED informed that the industrialists of the intended industrial units have to submit detailed feasibility, construction plan, number of employees, cash flow and other information related to the project to qualify for this facility. He told that the industrial units who are facing environment issues as well, it is best opportunity for them to relocate their industrial units from urban areas to pollution free zone at Rachna Industrial Park Lahore- Shekhopura Raod Lahore.

For more information, contact:
National Industrial Parks
Development and Management Company
2nd Floor, Block-C, Finance and Trade Centre,
Shahrah-e-Faisal,
Karachi – 74400,
Pakistan.
Tel: (92-21) 9922 5035-9, (92-21) 3563 1046-8
Fax: (92-21) 3563 1069
UAN: 111-647-111.