Sites for eco­nomic zones iden­ti­fied

Enterprise - - National News -

Pun­jab, Sindh and Khy­ber-Pakhtunkhwa in­formed the fed­eral gov­ern­ment about po­ten­tial sites for set­ting up of eco­nomic zones and in­dus­trial parks along the China-Pak­istan Eco­nomic Cor­ri­dor (CPEC).

The eco­nomic zones and in­dus­trial parks would gen­er­ate enor­mous job op­por­tu­ni­ties in the coun­try, of­fi­cials of the three prov­inces told a meet­ing of the Plan­ning Com­mis­sion Work­ing Group on CPEC, chaired by Plan­ning and De­vel­op­ment Min­is­ter Ah­san Iqbal.

In their pre­sen­ta­tions, the of­fi­cials ex­plained about the de­vel­op­ment of new in­dus­trial es­tates and parks in po­ten­tial ar­eas along the cor­ri­dor and de­vel­op­ment of road link­ages with ex­ist­ing in­dus­trial es­tates, with fo­cus on pro­vi­sion of road net­works and im­prove­ment of lo­gis­tics. Of­fi­cials fur­ther ex­plained that in­vestors would be pro­vided with one-win­dow fa­cil­i­ta­tion to make in­vest­ments in th­ese pro­posed zone.

Un­der con­sid­er­a­tion in­cen­tives in­clude ex­emp­tion on cus­tom du­ties, ex­emp­tions on cus­tom du­ties for ini­tial im­port of cap­i­tal goods, ma­chin­ery and equip­ment for es­tab­lish­ment of industry.

Iqbal sug­gested the prov­inces to come up with pro­pos­als as to how the eco­nomic zones in CPEC can be made at­trac­tive for in­vestors.

The plan­ning min­is­ter fur­ther said that many in­dus­tries in China were ripe for re­lo­ca­tion and now Pak­istan has a huge task of at­tract­ing th­ese in­dus­tries and avail op­por­tu­ni­ties.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.