Pakistan, China delegations discuss timelines of Rashakai SEZ

Both sides deliberate over incentive package for the Rashakai SEZ

ISLAMABAD: Rashakai Special Economic Zone (SEZ) has strategic significance because it is closer to Afghanistan and Central Asian countries, said Board of Investment Chairman Haroon Sharif.

He was chairing a meeting with China Road and Bridge Cooperation (CRBC), led by Director Shi Xiaobo, to discuss the timelines for making Rashakai SEZ operational.

Sharif added that BOI was strengthening its capacity to create specific desks and teams to deal with investors from different countries as well as to work on important assignments including SEZs with a particular focus on Rashakai SEZ.

During the meeting, incentive package to be allocated for the Rashakai SEZ was also discussed.

The BOI chairman stressed the need for a regular monthly meeting and invited all stakeholders to fast track the progress on Rashakhai SEZ. While discussing the importance of Rashakai SEZ, CRBC director termed the project a role model for other planned SEZs.

He was of the view that Rashakai Special Economic Zone would lead to industrial development, which would in turn create employment opportunities and generate economic activity while the combined efforts of all stakeholders would be crucial for the success of the project.

Published in The Express Tribune, May 15^th, 2019.

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