Three Special Economic Zones (SEZs) have become operational in the country

The Board of Investment (BOI) on Thursday said three Special Economic Zones (SEZs) have become operational in the country and started production while remaining six zones would be rationalized by June, 2019. Special Economic Zones in Faisalabad, Haripur (Hattar) and Karachi sold their land and operational for production for last three months, a senior official of BOI told here.He said National Industrial Parks (NIP) a development and a management company would develop the planned Special Economic Zone (SEZ) in Islamabad.

“We require around 50 acre land to develop Special Economic Zones (SEZ) in the federal capital for providing equal opportunity and facilities to foreign and local investors,” he saidHe suggested Pakistani investors should go for joint venture with foreign investors to learn the international best managerial skills and technology.He said that SEZs would lead to create employment opportunities and development in the area.The government has identified 46 economic Special and Prioritize zones across the country in different regions including seven approved Prioritize zones, he added.He said, “We are committed to facilitate the foreign investors in SEZs.” The SEZs investorswould get the facility for plant and machinery import without customs duty throughout the country.Three each SEZs would be established in Punjab, Sindh and one in Khyber Pakhtunkhwa, he added.

Replying to a question, he said that nine more Prioritized Special Economic Zones(PSEZs) would also be established in Punjab, Sindh, Khyber Pakhtunkhwa, Balochistan, NorthernAreas and Federally Administered Tribal Areas.The official said that nine prioritized industrial zone have been proposed for high tech industry meant to enhance the export and employment opportunities to the people in the country.

He said the SEZ Cell had been furnished on the contemporary corporate style and would be equipped with state-of-art facilities.

By:"Afshan Mir"

RELATED POSTS

5
Pakistani media delegation leaves for Shanghai to visit BRI projects
Pakistan’s oil imports may touch $20 billion in FY19 if current prices prevail
Pakistan slips to 107th on global competitiveness index
Shell Tameer to fuel 5 energy and clean
Pakistan must execute core conventions to continue duty free trade: EU
Chinese company rejects slashing of railway project cost
Hungary, Pakistan agree to strengthen ties
Pakistan to become energy sufficient country soon: Omar Ayub
CDWP approves five projects worth Rs 141.93 billion
Special Economic Zones to take shape from next month
CPEC encouraging real-estate investments in Gwadar
Pakistani expert says rapid pace of CPEC, gov’t-announced projects to help alleviate Pakistan’s poverty
China vows to fight Indo-US propaganda against CPEC
Pak commissions Karachi’s biggest ever warship, says maritime activity to increase with CPEC
China woos Bhutan, to India’s displeasure

FOLLOW US


About Corridor.pk

Corridor.pk is Pakistan’s leading regional connectivity media & communication/outreach platform, dedicated to profiling and promoting the business activities, news and views on the regionally connected business corridor across OBOR. 

     

Addional Information

 Ethics Policy     Advertise
 Terms & Conditions
 Contact Us