LAHORE DIVISION

Lahore | Re News Pakistan A significant meeting regarding the Punjab Development Plan was held under the chairmanship of Minister for Housing and Urban Development Bilal Yasin, during which the progress of ongoing development projects was reviewed in detail. On this occasion, Secretary Housing Noor ul Amin Mengal briefed the meeting about various WASA Punjab projects and their current status. During the meeting, the provincial minister expressed strong displeasure over the slow pace of development work and warned the concerned contractors to immediately increase the speed of work. He directed that contractors should enhance their workforce and machinery to ensure timely completion of projects and instructed that work should continue round the clock. Bilal Yasin made it clear that strict action would be taken against contractors failing to complete projects within the stipulated timeframe, and they would be blacklisted. He further stated that strict action would also be taken against factories involved in unnecessary price hikes and hoarding of construction materials. He added that no concession would be given to those increasing prices by using the prevailing regional situation as an excuse.

Lahore | ReNews Pakistan Punjab Governor Sardar Saleem Haider Khan has said that the government is actively working on effective measures to revive the real estate sector, with further relief expected in the upcoming federal and provincial budgets. He made these remarks during a meeting with a delegation of the Lahore Chamber of Commerce and Industry (LCCI) at the Governor House in Lahore. The delegation was led by LCCI President Faheem Ur Rehman Saigol and included senior business leaders and executive members. The Governor stated that sustainable industrial growth can only be achieved through inclusive policymaking involving all stakeholders. He stressed that policies developed without understanding ground realities often fail to deliver long-term results, adding that the current government is focusing on consultation and cooperation with the business community. He appreciated investors for continuing economic activity despite challenging conditions, calling it a sign of resilience and patriotism. He also assured that the government is committed to resolving the issues faced by industrialists and ensuring their concerns are forwarded to the relevant authorities. During the meeting, LCCI President Faheem Ur Rehman Saigol thanked the Governor for his prompt engagement with the business community, saying it reflects the seriousness of the government in addressing economic concerns. He highlighted that industries located in Saggian, Ferozepur Road, and Raiwind Road are facing rising commercialization fees and administrative hurdles. He urged that these areas be officially declared industrial zones and that fees be reduced to sustain business activity and employment. The LCCI delegation also emphasized the importance of involving the private sector in industrial relocation plans, stating that no policy can succeed without the confidence and input of industrial stakeholders. Speaking on the occasion, the Governor acknowledged the challenges of relocating industries from urban areas but stressed that the process should be gradual, consultative, and supported with alternative land, infrastructure, and financial incentives to avoid disruption. He further noted that the real estate sector plays a central role in linking more than 40 allied industries, and its revival is crucial for overall economic stability. He added that positive momentum is already visible in the sector and more supportive measures are expected in the upcoming budget.

Lahore | Re News Pakistan The Punjab Central Business District Development Authority (CBD Punjab), in collaboration with the Ravi Urban Development Authority (RUDA), organized an important pre launch investors’ meeting in connection with the Punjab Investment Summit 2026. The meeting was held at the CBD Punjab Business Center Lahore, where prominent investors, stakeholders, and representatives from various industries across the country participated. During the session, the official logo of the Punjab Investment Summit 2026 was also unveiled, while participants were given a detailed briefing on the summit’s objectives and investment opportunities. On this occasion, CEO CBD Punjab and RUDA, Imran Amin, formally invited investors to participate in the summit. He stated that the Punjab Investment Summit 2026 is a significant step towards positioning the province as a major global investment hub. He emphasized that the initiative is not limited to the promotion of projects but is aimed at ensuring sustainable economic growth and boosting investment in the region.