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 Sarhad Chamber of Commerce and Industry (SCCI) to sensitize prospective investors
Peshawar, Thursday, August 10, 2017: South Punjab Forest Company (SPFC) in collaboration with Sarhad Chamber of Commerce and Industry (SCCI) organized an inception seminar at SCCI, to sensitize prospective investors regarding the forestry opportunity by the Government of Punjab. The pre-bid meeting aimed for addressing any queries of the investors and incorporating their suggestions in the bidding proposal.
Haji Muhammad Afzal, President, SCCI, gave the welcome remarks and hoped that the business community of KP will benefit from this lucrative investment opportunity. Hafiz Muhammad Awais, Director (Projects & Operations), SPFC, delivered a presentation on the salient features of the investment opportunities in forestry sector in South Punjab by SPFC. According to him, ‘SPFC is offering 99,077 acres for afforestation and range management to investors for a period of 15 years. This initiative will not just benefit the local economy by creating over 15,000 jobs but also sustain the wood-based industry and contribute to reducing logging pressure on the natural forests of Pakistan.
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 highlighting the need to promote sustainable forestry investments by investing with SPFC. He urged the investors to invest in the opportunity offered by the Government of Punjab and that the deadline for submission of proposals is September 15, 2017.
The presentation was followed by Q&A session. Muhammad Iqbal, Senior Vice President, SCCI, gave the concluding remarks and hoped that the initiative will instill a positive change and contribute to the GDP.
More photos of this event can be found here.
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