KP govt to initiate development work on Rashakai SEZ

PESHAWAR: Presiding over a meeting of the Public-Private Partnership Authority (PPPA) regarding approval of revised concession agreement for the Special Economic Zones (SEZ), Khyber Pakhtunkhwa Chief Minister Mahmood Khan announced that concession and development agreements of the Rashakai Special Economic Zone (RSEZ) have been concluded.

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Development work will soon be launched by the provincial government, informed CM Mahmood.

Furthermore, the government committed to boost industrialisation in the region to create an advantageous environment to attract foreign direct investment (FDI) and investors along with generating employment.

To achieve their goals, the provincial government has undertaken initiatives that include strengthening communication networks in the province and provision of cheap electricity to accommodate industrial consumers via wheeling of electricity to kick-start development of the region.

Located centrally in the China Pakistan Economic Corridor (CPEC) at the junction of Karakoram Corridor and Karnal Sher Khan Interchange (ML-1) development corridor, the RSEZ is situated amidst the major urban centres of the region. The economic zone will serve as a platform to encourage economic growth.

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