The Punjab Small Industries Corporation (PSIC) has approved two new pension schemes for its employees as part of broader reforms aimed at restructuring its pension system and addressing outstanding financial liabilities.
The decisions were taken during a recent PSIC board meeting, where the corporation also agreed to seek a Rs. 2.5 billion loan from the Punjab government to meet its pension-related obligations.
The board approved a schedule for auctioning unused and redundant PSIC properties to strengthen the corporation’s finances and improve the utilisation of its assets.
PSIC has been auctioning surplus properties and cancelled plots as part of its financial reforms. Its 2026 auction programme covers industrial estates in Sundar-II, Kasur, Gujranwala, Sialkot, Faisalabad, Sargodha, Sahiwal, and Bahawalpur, among other locations.
The PSIC board also approved a special relief package for allottees whose plots were cancelled at the Sundar-II Small Industrial Estate.
Under the package, eligible allottees will receive a 20% discount on their total outstanding dues, subject to conditions related to industrial development.
Beneficiaries will be required to complete construction of their factories within six months and commence regular production within two years. They will also have to fulfil all applicable PSIC requirements for industrial units.
Sundar-II is one of PSIC’s self-financed industrial estates. The estate was developed between 2004 and 2019 and currently comprises 321 plots, of which four are listed as available.
The latest measures are part of PSIC’s broader policy to discourage speculative holding of industrial plots and encourage the development and operation of industrial units.
The corporation had previously stated that plots could be cancelled where industrial units were not established in accordance with its policies.
The board also approved the minutes of its previous meeting and cleared several pending administrative matters.
The latest decisions come as PSIC continues to implement financial and operational reforms.
In July, the board approved a Rs. 14.285 billion budget for FY2026-27. It also approved additional support for retired employees, including a Rs. 400 million contribution from PSIC resources to its pension fund and an increase in the medical allowance for retired employees.
