Special Economic Zones (SEZ), under CPEC
- Thread starter ghazi52
- Start date
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,921
- Reaction score
- 106
- Country
- Location
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,921
- Reaction score
- 106
- Country
- Location
July 20, 2020
Chairman CPEC Authority Asim Saleem Bajwa gave a briefing to Senate Standing Committee on China Pakistan Economic Corridor (CPEC) Monday and informed that work on the western route is under progress and Rashakai Special Economic Zone (REZ) will be inaugurated soon
Pakistan People’s Party leader Senator Sherry Rehman chaired the meeting held for a briefing on CPEC ongoing projects. It is pertinent to note that 1000 acres Rashakai Special Economic Zone (REZ) is located near M-1 Nowshera and set to be established in Khyber Pakhtunkhwa (KP).
Asim Saleem Bajwa said: “Applications are being received for investment in Faisalabad Special Economic Zone while Chinese have been expressing their interest in Dhabeji Special Economic Zone. Additional land is being acquired for Hub Industrial Zone” CPEC Authority Chairman briefed the committee that agriculture has been included in CPEC Joint Working Group.
Chairman CPEC Authority Asim Saleem Bajwa gave a briefing to Senate Standing Committee on China Pakistan Economic Corridor (CPEC) Monday and informed that work on the western route is under progress and Rashakai Special Economic Zone (REZ) will be inaugurated soon
Pakistan People’s Party leader Senator Sherry Rehman chaired the meeting held for a briefing on CPEC ongoing projects. It is pertinent to note that 1000 acres Rashakai Special Economic Zone (REZ) is located near M-1 Nowshera and set to be established in Khyber Pakhtunkhwa (KP).
Asim Saleem Bajwa said: “Applications are being received for investment in Faisalabad Special Economic Zone while Chinese have been expressing their interest in Dhabeji Special Economic Zone. Additional land is being acquired for Hub Industrial Zone” CPEC Authority Chairman briefed the committee that agriculture has been included in CPEC Joint Working Group.
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,921
- Reaction score
- 106
- Country
- Location
Rashakai SEZ pact to be signed by end August:
APP
08 Aug 2020
ISLAMABAD: CPEC Authority Chairman Lt Gen (retd) Asim Saleem Bajwa said on Friday that the agreement on establishing Rashakai Special Economic Zone would be signed in the third week of August.
According to him, the second phase of China Pakistan Economic Corridor (CPEC) was all about taking its dividends to the public.
APP
08 Aug 2020
ISLAMABAD: CPEC Authority Chairman Lt Gen (retd) Asim Saleem Bajwa said on Friday that the agreement on establishing Rashakai Special Economic Zone would be signed in the third week of August.
According to him, the second phase of China Pakistan Economic Corridor (CPEC) was all about taking its dividends to the public.
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,921
- Reaction score
- 106
- Country
- Location
BOI awards SEZ status to Allama Iqbal Industrial City!
With the success of several industrial estates, FIEDMC has now officially bagged an SEZ status for its top-of-the-line Allama Iqbal Industrial Estate. This milestone was achieved last week when the Board of Investors reconsidered their application and decided to further its development.
August 17, 2020
On the 13th of August, the Approval Committee of the Board of Investment sanctioned a ‘Special Economic Zone’ status for the Allama Iqbal Industrial City (AIIC), Faisalabad; thereby, referring the applications of JW SEZ and Dhabeji SEZ for consideration of the Board of Approvals, chaired by the Prime Minister.
Sources say that the committee reconsidered FIEDMC’s zone application of AIIC and approved the SEZ status – that is, subject to completion of important formalities. The approval committee also gave a go-ahead to the constitution of SEZ committees of AIIC, Bostan and Hub. This further allowed sales of plots in the respective zones as soon as the notification was issued.
Plans dictate that the committees will now be tasked to administer and enforce SEZ benefits and rules to its investors; especially now that it has an SEZ status. They will also provide facilitation between the SEZ, its enterprises and the government. The ‘Draft Sole Enterprise SEZ Regulations’ and ‘Draft Sale of Plot Regulations’ were referred to the board of approvals for a final nod.
With the success of several industrial estates, FIEDMC has now officially bagged an SEZ status for its top-of-the-line Allama Iqbal Industrial Estate. This milestone was achieved last week when the Board of Investors reconsidered their application and decided to further its development.
August 17, 2020
On the 13th of August, the Approval Committee of the Board of Investment sanctioned a ‘Special Economic Zone’ status for the Allama Iqbal Industrial City (AIIC), Faisalabad; thereby, referring the applications of JW SEZ and Dhabeji SEZ for consideration of the Board of Approvals, chaired by the Prime Minister.
Sources say that the committee reconsidered FIEDMC’s zone application of AIIC and approved the SEZ status – that is, subject to completion of important formalities. The approval committee also gave a go-ahead to the constitution of SEZ committees of AIIC, Bostan and Hub. This further allowed sales of plots in the respective zones as soon as the notification was issued.
Plans dictate that the committees will now be tasked to administer and enforce SEZ benefits and rules to its investors; especially now that it has an SEZ status. They will also provide facilitation between the SEZ, its enterprises and the government. The ‘Draft Sole Enterprise SEZ Regulations’ and ‘Draft Sale of Plot Regulations’ were referred to the board of approvals for a final nod.
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,921
- Reaction score
- 106
- Country
- Location
Govt notifies SEZ status for AIIC
Allows sale of plots in three different SEZs
September 12, 2020
ISLAMABAD: The government has notified the Special Economic Zone (SEZ) status for the Allama Iqbal Industrial City (AIIC) and allowed the sale of plots in three different SEZs including the AIIC, Hub and Bostan.
The notification was issued on Friday by Board of Investment Secretary Fareena Mazhar. The government formed three committees of the AIIC, Hub and Bostan SEZs, thereby allowing the sale of plots in the respective SEZs.
The SEZ committees shall have responsibilities to administer and enforce SEZ benefits and rules as well as ensure facilitation between the SEZ, its enterprises and the government.
BOI Chairman Atif R Bokhari expressed satisfaction over the progress on the SEZs’ development. He said “it is high time for all of us to tap the opportunities provided by the Belt and Road Initiative in the shape of industrial cooperation under the CPEC”.
He emphasised that the private sector should come forward and take the leading role in the second phase of CPEC.
The BOI secretary said the establishment of the new SEZs would help to achieve the goal of industrialisation such as investment inflow, inclusive economic development.
Published in The Express Tribune, September 12th, 2020.
Allows sale of plots in three different SEZs
September 12, 2020
ISLAMABAD: The government has notified the Special Economic Zone (SEZ) status for the Allama Iqbal Industrial City (AIIC) and allowed the sale of plots in three different SEZs including the AIIC, Hub and Bostan.
The notification was issued on Friday by Board of Investment Secretary Fareena Mazhar. The government formed three committees of the AIIC, Hub and Bostan SEZs, thereby allowing the sale of plots in the respective SEZs.
The SEZ committees shall have responsibilities to administer and enforce SEZ benefits and rules as well as ensure facilitation between the SEZ, its enterprises and the government.
BOI Chairman Atif R Bokhari expressed satisfaction over the progress on the SEZs’ development. He said “it is high time for all of us to tap the opportunities provided by the Belt and Road Initiative in the shape of industrial cooperation under the CPEC”.
He emphasised that the private sector should come forward and take the leading role in the second phase of CPEC.
The BOI secretary said the establishment of the new SEZs would help to achieve the goal of industrialisation such as investment inflow, inclusive economic development.
Published in The Express Tribune, September 12th, 2020.
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,921
- Reaction score
- 106
- Country
- Location
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,921
- Reaction score
- 106
- Country
- Location
The chief minister of KP was informed that work on a project worth Rs.1.2 billion was underway to resolve the issue of low gas pressure in Rashakai while work on provision of gas to Hattar Economic Zone was also being carried out on war footing.
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,921
- Reaction score
- 106
- Country
- Location
The Rashakai SEZ, launched by the PM Imran Khan in May 2019, is the first CPEC industrial cooperation project. It will create thousands of employments, stimulate the local economy and boost the export enormously.
Where is that?
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,921
- Reaction score
- 106
- Country
- Location
| Rashakai Economic Zone , M-1, Nowshera | |
|---|---|
| Project Description | Rashakai Special Economic Zone (REZ), located near M-1 Nowshera, is set to be established in Khyber Pakhtunkhwa (KP). The 1000 acres land of REZ will be developed in three phases. The total area designated for Industrial use is 702 acres and as per Federal SEZA Regulations, of which 159 acres will be developed in Phase I, 279 acres in phase II and subsequently 264 acres in Phase III. For commercial use, an area of 76 acres has been allocated. Connectivity: An access road (3.2 km) from Wali Interchange to SEZ zero point is under construction (Phase-I). Moreover, REZ is connected to all provinces of Pakistan through Airport (at a distance of 65 KM from REZ), Dry Port (65 KM), Railway station (25 KM), Motorway, highway (5 KM) and city center (15 KM). Based on the strengths of the connected districts and resource pool, the economic zone has predominant investment feasibility for industries in fruit & food processing/packaging and textile. Industrial Potential: The following industrial clusters/sectors are proposed/planned • Garment and Textile Products • Home Building Materials, • General Merchandize • Electronics and Electrical Appliances • Automobile and Mechanical Equipment |
| Province | Khyber Pakhtunkhwa |
| Area (Acres) | 1000 |
| Project Progress Update |
|
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,921
- Reaction score
- 106
- Country
- Location
Investors are planning to start Marble processing plants in the Mohmand SEZ under CPEC.
These industrial units will generate around 18,000 direct jobs for locals. In this regard, FPCCI has sought early provision of facilities to the SEZ to start the work.
These industrial units will generate around 18,000 direct jobs for locals. In this regard, FPCCI has sought early provision of facilities to the SEZ to start the work.
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,921
- Reaction score
- 106
- Country
- Location
In a major development, the Special Economic Zone Committee has approved the first Provisional Allotment to a foreign firm as the Zone Enterprise in Rashakai Special Economic Zone (RSEZ) in Peshawar.
The SEZ Committee of Rashakai SEZ has allocated 40 acres of land to Century Steel (Pvt) Ltd., which is owned by M/S Fuzhou Julitaihe International Company, a Chinese conglomerate engaged in manufacturing and sale of Iron and Steel products internationally. Fuzhou Julitaihe International Company owns steel mills in Indonesia, Myanmar, Cambodia, and Ethiopia.
Century Steel Pvt Ltd. plans to invest USD 50 million and will produce 0.25 million tons of steel products in their plant in Rashakai SEZ. The project will consume 45 MW of electricity and employ 1000 manpower directly and indirectly. Resources from China have been mobilized and Chinese engineers and personnel are setting up a site office to execute the project without delay.
Hassan Daud Butt, CEO KPBOIT & SEZA has termed the development as momentous, saying it has heralded the dawn of the industrialization of KP as the first Zone Enterprise from China has been admitted to the Rashakai SEZ. “A lot of applications have been received for plots and many industries will be starting construction shortly at the Zone,” he added.
“Rashakai Special Economic Zone is welcoming industries like Pharmaceutical, Textile, Food & Beverages, Steel, and various engineering-related industries. This initiative by the Government of KP will provide direct & indirect job opportunities to 200,000 locals of the region once the SEZ is fully colonized. Investment of multi-billion is expected by industrialists from Pakistan and abroad. Online applications for RSEZ is open and applications of hundreds of acres have already been received,” he added.
Similar threads
- Article
