CPEC Rashakai Economic Zone to bring $128 million investment

Peshawar: Rashakai Economic Zone and its finance bill has been approved for execution at the Khyber- Pakhtunkhwa (KP) cabinet meeting.

The first economic zone under China Pakistan Economic Corridor (CPEC) will be a joint venture of the China Road and Bridge Company (CRBC) and the provincial government. It will bring an investment of $128 million in Pakistan.

A land of 1000 acres have been acquired for the mage project. Industrial units will need 702 acres. Remaining land will be used for residential accommodation and other required facilities.

A share of 25 percent to Karak, Kohat and Hangu districts in the oil and gas royalty was approved as well.

For news and updates keep on visiting Graana blog

Scroll to Top
Scroll to Top