Malaysian company keen to set up amusement park
LAHORE—ASEAN Retail Chains and Franchise Federation, one of the leading group of companies in Malaysia, has shown keen interest in setting up a state of the art amusement park in Lahore during a meeting at Punjab Board of Investment and Trade on Monday. Delegation members told PBIT team that for this project 300 acres of land would be needed at a place that is easily accessible, ideally near the motorway. They were interested in knowing about concessions on land, tax exemptions on the import of old as well as on new machinery and other tax relief that they could avail. The group also expressed its interest in obtaining a license from the Government to train manpower in Punjab.
Amena Cheema, CEO PBIT, said that Chief Minister Punjab was fully supportive of investment directed at enhancing Punjab tourism potential. She proposed that the Group should share their proposals and queries with PBIT so that the way forward could be suggested accordingly. PBIT team assured the delegation members of complete facilitation regarding the feasibility of the project that also includes retail outlets linked with the amusement park. PBIT also expressed its readiness to link the Malaysian Group with relevant government department such as PHA, LDA, SECP, FBR and Customs.
LAHORE: Malaysian delegation in a meeting with Punjab Board of Investment and Trade officials.