11th Jan ,2017
The President, State of Jammu and Kashmir was briefed by the Chief Executive Officer, Pakistan Stone Development Company (PASDEC) in a meeting on the potential and development prospects of Marble and Granite sector of AJ&K. Mr. Zahid Maqsood Sheikh, CEO PASDEC, informed the President that the company is desirous to work in close coordination with the Government of AJ&K in development of the enormous reserves of high value dimensional stones in the region. He also informed that the PASDEC and Government of AJ&K have in process of signing a MoU for sector development in the region.
Under the MoU, PASDEC will provide all necessary technical support to the Government of AJ&K in planning, development and execution of mechanized quarries, processing facilities, skill development and Industrial estates in the State.
The President appreciated the efforts and initiatives taken by the company for sector development and assured that the Government of AJ&K will extend all the necessary support to PASDEC for the ultimate benefit of the people of AJ&K in particular and the country in general. The meeting was also attended by Sardar Farooq, Secretary to President AJ&K, Mr. Javed Ijaz, Chief Engineer and Toufeeque Ahmed-Deputy General Manager PASDEC.
The MoU between the Government of AJ& K and the PASDEC is expected to be signed in the coming days.