Special Economic Zones finalized under CPEC

development project 97 billion

Islamabad: A visit was paid to the newly established Project Management Unit (PMU) of Board of Investment (BOI) on Wednesday. In a briefing given to the Chinese Ambassador Yao Jing, the Chairman BOI Haroon Shairf said that a renewal plan for the seven existing Special Economic Zones (SEZs) has been finalised. The 1500 acres of land will be brought under utilisation by providing missing facilities.

North Korea, Japan and Malaysia has stepped forward for investment and the established BOI will ensure maximum facilitation to investors.

While informing the delegation of the PMU objectives, the Executive Director General Fareena Mazhar said BOI would collect and disseminate information amongst concerned stakeholders, facilitate investors and be in loop for the planning and development of economic, export and industrial zones. It will be responsible for capacity enhancement, policy provision and governance advices for industry establishment and relocation. Implementation of CPEC industrial cooperation and marketing of investment opportunities available in Pakistan under CPEC will also be ensured.

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