The Prime Minister has approved the establishment of 10 special economic zones

The Prime Minister has approved the establishment of 10 special economic zones

Posted on Mar 5, 2020

Prime Minister Imran Khan has approved the privatization of 33 government lands or institutions during the current financial year and the establishment of 10 Special Economic Zones (SEZs) in all four provinces.

According to the Prime Minister's Office, 5 out of 10 economic zones are located in Punjab (Bhalwal, Bahawalpur, Rahim Yar Khan, Vehari and Allama Iqbal Economic Zone), 2 in Sindh (Nowshero Feroz and Bhalhari), 2 in Balochistan (Boston and Hub) and one in Khyber Pakhtunkhwa. I will be established.

chairing a board meeting to approve the economic zone, Prime Minister Imran Khan said that the purpose of establishing economic zones is to provide facilities and concessions to the business community.

The Prime Minister said that the government is committed to providing the business community with a convenient and conducive environment for doing business so that economic activity can be created in the country.

In this regard, the Secretary Board of Investment said at the meeting that 13 economic zones have been notified so far, while a further 12 work is being done in the public sector and six more in the private sector.

The meeting noted that since the law was passed in 2012 for SEZs, only seven special economic zones have been established in the country till 2018 while the current government has notified six new economic zones in just one year.

The meeting also briefed the industries regarding new economic zones and decided that all issues related to the establishment of special economic zones would be resolved in consultation with the provincial governments.

The Prime Minister has set up a working group comprising the Minister, Planning, Energy, Advisory Trade and other relevant authorities to facilitate the establishment of industries in special economic zones and to facilitate relevant rules and regulations for facilitating investors and entrepreneurs. Guided the stay.

The Working Group shall submit its recommendations to the Prime Minister regarding Special Economic Zones.

Also in the meeting, Minister for Planning Asad Omar said that work was underway to develop an economic growth strategy in Gilgit-Baltistan, including the development of the industrial sector.

The Prime Minister emphasized the importance of utilizing tourism opportunities in Gilgit-Baltistan and the establishment of special zones for tourism.


Mian Tajamul

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