ISLAMABAD: In a bid to boost Pakistan’s economic activity, the government granted approval for the establishment of 10 Special Economic Zones (SEZs) in the four provinces. The decision was made in a meeting chaired by Prime Minister Imran Khan.
Leader of the House in Senate Shibli Faraz, Minister for Energy Omar Ayub, Advisor on Finance Dr Hafeez Shaikh, Commerce Advisor Abdul Razak Dawood, KP Chief Minister Mahmood Khan, GB Chief Minister Hafiz Hafeez ur Rehman, Special Assistant to the PM on Information Dr Firdous Ashiq Awan, Special Assistant Nadeem Afzal Chan, Board of Investment (BoI) Chairman Zubair Gillani, KP Finance Minister Taimoor Zafar Jhagra, Punjab Minister for Industries Mian Mohammad Aslam and other relevant officials participated in the meeting.
Out of the ten SEZs, the foundation of five will be laid in the cities of Bhalwal, Bahawalpur, Rahim Yar Khan, Vehari and Allama Iqbal SEZ in the province of Punjab. Two SEZs each will be established in Naushahro Feroze and Bhulari in Sindh and Bostan and Hub in Balochistan. One will be located in Rashakai in the KPK province.
By setting up various economic zones, the government will ensure support for the business community, enabling it to grow.
Additionally, the participants of the meeting were briefed on near completion of amending laws that will increase incentives in the SEZs. A plan regarding the establishment of industries that will be set up in the initiatives was also discussed.
On the directives of the PM, a working group will be formulated to overlook the establishment of the SEZs by devising apt laws and regulations supporting the investors and businessmen. The report will directly be submitted to the prime minister.
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