Quaid-e-Azam Industrial Estate previously known as ‘Township Industrial Estate’ was founded under Pakistani and Canadian Joint Assistance Program in 1960. Basically the scheme involved setting up of a Residential area and an Industrial Estate side by side, so as to accelerate industrial growth as well as urban development in Lahore, the cultural metropolis of Pakistan. The Estate was previously under the administration of the Department of Housing and Physical Planning Govt. of Punjab which passed on the control and ownership of the assets of the industrial estate to Lahore Development Authorities in 1993. Thereafter, in 2004, a major step towards professional development and control of industrial estates in the province was taken by the Government and the Punjab Industrial Estates Development and Management Company (PIEDMC) was established. Township Industrial Estate was renamed as Quaid-e-Azam Industrial Estate and was placed under PIEDMC.