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South Punjab Forest Company (SPFC) organize pre-bid meeting at Multan Chamber of Commerce and Industry (MCCI) to sensitize prospective investors

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Multan, Monday, August 21, 2017: South Punjab Forest Company (SPFC) in collaboration with Multan Chamber of Commerce and Industry (MCCI) organized an inception seminar at MCCI, to sensitize prospective investors regarding the forestry 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.

Khawaja Jalaluddin Roomi, President, MCCI, gave the welcome remarks and hoped that the business community of Multan 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.

More photos of this event can be found here.

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