FAQs

Is FIEDMC, a Government Company ?

Yes, FIEDMC and the projects of VAC & M-3 IC are owned by Government of the Punjab.

Where M-3 Industrial City is located?

M3-IC is located on Motorway M-3 at Sahianwala Interchange near Faisalabad.
VAC is located near Lahore-Faisalabad Express Way , Khurrianwala near Faisalabad. Both the industrial estates are connected through dual carriage way at a distance of approx. 12 Kilometers.

Where is the location of head office?

FIEDMC Head Office is located at FCCI Complex 1st Floor,Canal Park ,East Canal Road , Pakistan. UAN # +9241 111-343-362, Fax: +9241 9230235
E-Mail: sales@fiedmc.com.pk

How far M-3 Industrial City from major cities?

M-3 Industrial City is at a distance of:

  • 2.5 Hours drive from Islamabad
  • 1.5 Hours drive from Lahore.
  • 15 Minutes drive from Faisalabad.

What are the different zones in M-3 Industrial City?

There are dedicated zones for Textiles, Engineering & Construction, Pharmaceuticals, Chemicals, FMCGs, Information Technology, Electrical & Electronics, Food Processing, SMEs, Foreign Zone and Misc Zone etc.

Where I can get the application forms?

The application forms are available from marketing department of FIEDMC or can be downloaded from the web site under downloads menu located on home page.

What is the cost of application form?

The application form is available on the payment of Rs.500 from the FIEDMC office or you can download it from www.fiedmc.com.pk

What is the Booking Procedure of Plots?

Plots are allotted on first come first serve basis in the relevant industrial zone.
Plots can be booked after making 15% down payment in favour of FIEDMC along with application form and processing fee.

Customers from outside Pakistan can use the following International Routing Address:

US $

CITIBANK N.A.
111 WALL STREET, 5TH FLOOR / ZONE 9
NEW YORK, NY 10005, U.S.A. (CITIUS33)
THE BANK OF PUNJAB A/C 36208954 INTERNATIONAL DIVISION KARACHI,
(BPUNPKKA), PAKISTAN
FOR FURTHER CREDIT TO A/C FCN 001302
WITH THE BANK OF PUNJAB, KHURRIANWALA BRANCH, FAISALABAD, PAKISTAN

EURO

STANDARD CHARTERED BANK
37 GRACE CHURCH STREET LONDON,
EC3V OBX U.K. (SWIFT SCBLGB2L)
THE BANK OF PUNJAB A/C 56-01-7087888-96 INTERNATIONAL DIVISION KARACHI, (BPUNPKKA), PAKISTAN
FOR FURTHER CREDIT TO A/C FCN 001302
WITH THE BANK OF PUNJAB, KHURRIANWALA BRANCH, FAISALABAD, PAKISTAN

Customers are advised to send the deposit slip of bank to FIEDMC office for official acknowledgement of payment. The payment receipt will be issued on receiving the copy of deposit slip from the concerned bank to FIEDMC office.

On receiving the application form along with down payment, the provisional allotment letter will be issued. The final title document will be executed on receiving full payment.

How much amount has to be deposited at the time of booking?

15% of the total cost of the plot has to be deposited at the time of submission of application form.

Are there any other charges to be deposited at the time of booking?

Yes, you have to deposit Rs. 15,000/- as processing fee at the time of application submission.

How do I deposit the balance amount?

The balance amount should be deposited according to the payment plan you will choose at the time of booking. The payment schedule will be issued with the provisional allotment letter.

What is included in the cost of plot?

The cost of plot includes the cost of land, development charges, utilities at door step and provision of 125 KVA of electricity per acre.

What are Plot Sizes in M-3 Industrial City?

Plot size ranges from 4 acres to 21 acres in M-3 Industrial City. However one can amalgamate two or more plots to make it a bigger plot size according to the specific needs.

What are the time lines of infrastructure and possessions?

 

  • The access to plots in Phase-1A and Phase-1B located on Main Arterial Road is readily available.
  • The access of plots in Phase-1A and Phase-1B other than main arterial road will be available in June 2009.
  • The electricity for construction at Phase-1A & Phase-1B will be available in July 2009.
  • The infrastructure (Water supply, Sewerage, Storm Water Drainage, Collector Roads) will be completed in January 2010.
  • The 132 KV Grid Station at Phase-1A will be completed in mid 2010.
  • The possession of plots along main arterial road in all zones will be given in Dec 2009.

Can I resale my plots?

The resale of plot is not allowed, however after construction of industrial unit it can be resold. In case of Force Majeure, BOD FIEDMC may allow surrender of plots with suitable penalty on case to case basis.

Can I visit M-3 Industrial City?

Yes, you can visit the M-3 Industrial City, marketing department may be contacted in advance for the arrangements.

What incentives exist for foreign investors?

Pakistan has the most liberal investment policy in the South Asia region New incentives and further liberalization measures include: reducing minimum foreign equity from US$ 0.5 million to US$ 0.3 million. Remittance of royalty, technology and franchise fee allowed to projects in social, service, infrastructure, agriculture and international chains food franchise.

Zero import duties on capital goods, plant and machinery and equipment not manufactured locally. CBR can supply a list of locally manufactured good. In case of doubt the investor is invited to consult the BOI. Enhanced FYA from 50% to 75% of PME for infrastructure and agriculture projects.

The import tariff on agriculture machinery (not manufactured locally) for registered corporate agricultural projects will be zero-rated

The investors who invest in the newly opened sectors can import plant, machinery & equipment (not manufactured locally) at concessional rate of customs duty which is 10% and also avail first year allowance @ of 50% of the cost of plant, machinery & equipment.

Zero import duties on raw materials used in the production of exports.

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