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"

Leave a Reply

RELATED POSTS

5
China, Russia reiterate backing for Nuclear deal
Sidhu under fire in India for hugging Pakistan’s army chief
Moscow, Islamabad set to upgrade ties as PTI comes to power
Pakistan felicitates Afghanistan on its 99th Independence Day
Pakistan pivots toward Putin’s Russia after Trump gets tough
Chinese PM lauds Imran’s remarks on Sino-Pak ties
Pakistan China decide to enhance bilateral ties in multiple fields
Chinese media gives wide coverage to Imran Khan’s election, oath as PM
Engineers stress the need to use hydropower energy
Minister for energy presents guidelines for power sector to fight energy crisis
Pakistani mango export to China likely to exceed 10,000 tons this year
Chinese company agrees to extend support in Diamer-Bhasha Dam construction
UKPCF for allowing new government to complete its five years term
PTI to make CPEC agreement public thorough parliament
Google employees protest over secret China search engine project

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