South Punjab Forest Company
A Public Sector Company registered under Section 42 of the Companies Act, 2017
South Punjab Forest Company (SPFC) organize pre-bid meeting at Islamabad Chamber of Commerce & Industry (ICCI) to sensitize investors
Islamabad, Friday, August 11, 2017: South Punjab Forest Company (SPFC) in collaboration with Islamabad Chamber of Commerce and Industry (ICCI) organized a pre-bid meeting/seminar at ICCI to sensitize prospective investors regarding the investment opportunity by the Government of Punjab. The pre-bid meeting aimed to address any queries of the investors and incorporating their suggestions in the bidding proposal.
Khalid Malik, Senior Vice President, ICCI, gave the welcome address and urged the business community to invest in the forestry sector. Furthermore, a presentation on the salient features of the investment opportunities in the forestry sector by SPFC was delivered by Hafiz Muhammad Awais, Director (Projects & Operations), SPFC. According to him, ‘SPFC is offering 99,077 acres for afforestation and range management to investors for 15 years. This initiative will create approx. 15,000 jobs and also sequester almost 5.6 million tons of CO2 thus helping reduce global warming and the adverse effects of climate change.’
Hafiz Muhammad Awais also referred to a recent study by the Food and Agriculture Organization (FAO) that only 1.9% of Pakistan’s area is covered with forests, thus urging the need to promote sustainable forestry investments by investing with SPFC. He urged the investors to apply for this opportunity at the earliest as the deadline for submission of proposals is September 15, 2017.
The presentation was followed by Q&A session. The recommendations of the investors will be incorporated in the bidding proposal to make the opportunity economically and environmentally viable for investors. Tahir Ayub, Vice President, ICCI, gave the concluding remarks and assured full support to SPFC, so that this sector can prosper.
More photos of this event can be found here.
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