Special Economic Zones (SEZ), under CPEC

[Syed1.]

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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.

If applications for "100s of acres" have been received then what is hold up why not burning the midnight oil and approving them post-haste?????


Pakistan will not progress till we have this inefficient bureaucracy and sarkari babu system. Foreigners are wanting to bring dollars into our country and we will deliberate on it for no good reason for months on end.

 

[ghazi52]

Balochistan government plans to declare Gwadar SEZ a ‘Tax-Free Zone’


February 22, 2021
pakistantoday.com

To realize the dream of industrialization in Gwadar, Balochistan government is planning to embark on an ambitious step of declaring Gwadar Special Economic Zone a ‘tax free zone’ and establishing a one-window operation for the investors. The projects worth Rs 20 billion in Gwadar are in full swing and successful completion of these projects will turn Gwadar into an economic hub.




ISLAMABAD: Balochistan government is working on a plan to declare Special Economic Zone (SEZ) at Gwadar as a tax-free zone under the China-Pakistan Economic Corridor (CPEC) and a one-window system is also being introduced to facilitate the local and foreign investors.

An official source told Pakistan Today that the development projects in Gwadar are being completed under the CPEC framework and the Balochistan government is undertaking numerous projects worth Rs20 billion for the uplift of the people of Gwadar.

The official said that the Balochistan government is inviting investors to Gwadar for the generation of revenue which can help Gwadar transform into an economic hub of the region.

The official said that a 250-km-long road network has been laid in Gwadar to facilitate smooth traffic. The official added that Gwadar industrial zone would comprise of three parts while an education city and a diplomatic zone would also be established in the port city.

The official explained that the provincial government has formulated rules for allotment of land in industrial zones in the province and land will now be allotted in industrial zones only to those industrialists who will set them up to the decided industry within the stipulated timeframe.

The official said that the provincial government will soon allocate 20,000 acres of land for the SEZ and special security arrangements have been made in and around Gwadar. The official said that the security apparatus in place has led to maintaining peace and development in Balochistan.

The official informed that under the 2050 Master Plan, the issues of water and electricity for the people of Gwadar would be resolved by the end of next year (2022). They added that work is in full swing on a desalination plant, which will convert five million gallons of seawater into drinking water and a 300 megawatts coal-fired power plant. Both the projects will be functional by January 2023, the official added.

The official said that over 40 Chinese companies have pledged to invest in the first phase of SEZ under CPEC at Gwadar Port while another 200 companies have registered with the China Overseas Ports Holding Company (COPHC) for further investments in the first SEZ.

With this investment, the first phase of the SEZ has been completed,

The official explained that future investments in Gwadar Industrial Zone would include new industrial units, including textiles, chemicals, automobiles and mobile phones, which will create more employment opportunities for the local people.

The official, when asked, rejected the notion of delays in the CPEC, saying that work on CPEC is in full swing and there are no impediments as the government of Pakistan is extending full cooperation.

The official further stated that, despite the coronavirus pandemic, the pace of work has not slowed down on CPEC projects and many such projects have been completed ahead of time. The official added that after the completion of CPEC, Gwadar will become the largest port in the region and an important economic hub in the world, which would benefit various countries.

The official said that Gwadar Port is fully operational and cargo ships have started arriving and added that a liquefied natural gas terminal will also be established at the port soon.

The official concluded that CPEC is a great economic project and it is a symbol of the cohesive relationship between Pakistan and China and a testament to our friendship.

 

[ghazi52]

Asad Umar directs authorities to expedite work on AIIC CPEC SEZ

February 27, 2021

PCI





Federal minister for planning, development and special initiatives, Asad Umar, visited Allama Iqbal Industrial City in Faisalabad and reviewed progress of the first ever CPEC special economic zone. He approved various decisions meant to attract foreign direct investment in the SEZ. Moreover, he lauded the management of the SEZ for the measures being taken by them to ensure the success of SEZ.

 

[ghazi52]

PM’s vision of CPEC SEZs vital for industrialization; says Asad Umar

March 2, 2021

SOURCEglobalvillagespace.com




Federal Minister for Planning, Development and Special Initiatives, Asad Umar, said that the Special Economic Zones (SEZs) under China Pakistan Economic Corridor (CPEC) are in line with Prime Minister Imran Khan’s vision. While talking to Chairman CPEC Authority Lieutenant General Asim Saleem Bajwa (retd) in a meeting at FIEDMC Head Office,

Minister Umar also approved the Jhumra Interchange to facilitate movement in FIEDMC’s economic zones. He also applauded FIEDMC’s efforts for accelerating industrialization in the country and also announced that a new textile policy is being made to further strengthen the industry.

While talking to Chairman CPEC Authority Lieutenant General Asim Saleem Bajwa (retd) in a meeting at FIEDMC Head Office, Federal Minister for Planning, Development and Special Initiatives Asad Umar said that FIEDMC economic zones are advancing Prime Minister Imran Khan’s vision for economic development.
Chairman FIEDMC Mian Kashif Ashfaq, Members of Assembly Farrukh Habib, Faizullah Kamuka, Sheikh Khurram Shehzad, CEO FIEDMC Amir Salimi and others also attended the meeting.

On the occasion, Asad Umar also approved the Jhumra Interchange to facilitate movement in FIEDMC’s economic zones. Work on the interchange would start soon, he informed.

He also guaranteed ample supply of electricity and gas to the investors and industrialists in FIEDMC for which a grid station has been inaugurated. The federal government is ready to provide all possible assistance to the company to ensure the success of its economic zones, he added.

The minister also lauded FIEDMC for playing a vital role in accelerating industrialization in the country.

Textile boom also indicated that Faisalabad has been the major beneficiary of the PTI policies during the last two and a half years, he added. He also informed of a new textile policy that the government was working on which would help Pakistan maintain its current tempo and growth.

The Jhumra Interchange was the need of the hour as it took the investors coming to FIEDMC a lot of time to travel to the industrial zone and establishment of Chak Jhumra interchange will help cut down their travel time.

Briefing the minister, Chairman FIEDMC Mian Kashif Ashfaq said that Allama Iqbal Industrial Park was near completion and a one window service center had been established in the SEZ for the convenience of industrialists. The Special Economic Zone will not be subject to income tax for 10 years, thus allowing foreign investment to come to Pakistan, he added.

(FIEDMC) wants to complete its industrial development projects, including M-3 Industrial City and Allama Iqbal Industrial City, as early as possible and for this reason, a special account officer is assigned to each investor and he is provided full support from the time of registration of the company till the commencement of the production unit, said Mian Kashif.

It also includes services ranging from supply of electricity and gas and approval of maps to obtaining permits from various government departments, he said.

The SEZ’s are referred to as the lifelines of Pakistan’s industrial development as once operational, they would be able to create around 2 million jobs. They would also enhance exports and would help in uplifting several other sectors of the economy.



Allama Iqbal Industrial City- A model of excellence by FIEDMC


Allama Iqbal Industrial City, which is one of the nine SEZ’s to be built in Pakistan under CPEC is being developed by FIEDMC. This SEZ was inaugurated by Prime Minister Imran Khan in January, 2020.

Addressing the ground-breaking ceremony of the Allam Iqbal Industrial City, he said that Pakistan needs to have intensive industrialization for wealth creation. He further stated that the problem of unemployment can’t be solved by the agriculture-based economy of the country and that the industries need to take up this responsibility.

Allama Iqbal City is spread over 3217 acres of land and strategically located just opposite M-3 Industrial City. It has especially been designed to cater to the needs of the foreign investors, specifically the Chinese industrialists. FIEDMC’s Chairman Mr Mian Kashif Ashfaq stressed that local investors are also being provided with the same facilities and incentives as the foreign companies.

He also stated that 2300 acres of land has been allocated for setting up industrial units and most of the land has been sold out. M3 Industrial City and Allama Iqbal Industrial City are connected to M4 Motorway Sahianwala Interchange. FIEDMC believes that within one to two years, more companies would set up there which would significantly increase national exports.

This would usher in a new era of industrial development in Pakistan. M3 Industrial City and Allama Iqbal Industrial City are connected to M4 Motorway Sahianwala Interchange. FIEDMC believes that within one to two years, more companies would set up there which would significantly increase national exports. This would usher in a new era of industrial development in Pakistan

 

[ghazi52]

Allama Iqbal Industrial City announced attracting Rs. 35.8 Billion investment

The colonisation of Allama Iqbal Industrial City in Faisalabad, the second special economic zone (SEZ) under the China Pakistan Economic Corridor has begun with a planned investment of Rs 53.6 billion, the Board of Investment (BoI).

The Allama Iqbal Industrial City SEZ Committee held its meeting and accorded approval to fifteen applications and allotted 320 acres of land for projects.

The applicants include a Chinese firm Zhengbang Agriculture Pakistan (Private) Limited with a plan Rs 800 million investment in the agriculture sector. Among others, fourteen local firms, Zahid Jee Textile Mills, Ocean Ceramics, and Ittehad Metals are to initiate business establishments worth Rs 11.8bn, Rs11.2bn and Rs7.5bn respectively.

BoI Chairman Atif Bokhari, while appreciating the development, said the automation process of SEZs, envisioned by the prime minister, is now bearing fruit. The SEZ MIS Module was approved to facilitate investors to gain admission in zones and ensure transparency in allocation of plots in various SEZs, he added.

 

[ghazi52]

Special Economic Zones launched in Thatta, Chakwal

SEZs to include industries in medical sector, metals recycling, automobiles, paint, marbles, agriculture, renewable energy, paper recycling, artificial intelligence

The Dynamic Engineering and Automation (DEA), a privately owned engineering servicing company, has launched two Special Economic Zones (SEZs) at Pir Phato, Thatta and Padshahan, Chakwal districts.

The development concludes negotiations with Chinese investors and companies to establish manufacturing facilities, global service centres, R&D labs and sales centres with an estimated investment of $5 to $7 billion.

The master layout of the SEZs will be prepared by China Urban-Rural Holding Group, which specializes in rural and urban revitalization, eco-friendly designs and implementation of balanced development of regions in China.

A number of multi-billion Chinese companies have confirmed their investment plans in the two SEZs which have been launched in an effort to promote Foreign Direct Investment (FDI) in line with the vision of Prime Minister (PM) Imran Khan, DEA CEO Owais Mir said on Wednesday.

“We have signed agreements with Shenyang Biotech Group, Neusoft Medical Systems, HE Vision Group, Lovol Heavy Industries, Wondfu Medical, Kaper Technologies, Green Agrotech, Shenglin Metallurgical Group, Red Crown Intelligent Technology, Shanghai Rich Tai Industries and Dandong automation to act as the local partners and facilitators,” he told the media.

The Chinese investors will establish industries in the medical sector, metals recycling, automobile including EV, paint, marbles, agriculture and farming, renewable energy, paper recycling, artificial intelligence in the SEZs

 

[ghazi52]

 

[ghazi52]

Asad Umar reviews progress on development of Rashakai SEZ

https://nation.com.pk/NewsSource/web-desk



Web Desk
March 27, 2021


Minister for Planning and Development Asad Umar has directed the authorities concerned to ensure completion of their respective task regarding Rashakai Special Economic Zone being constructed under China Pakistan Economic Corridor within stipulated timeframe.

He issued these directives while chairing a meeting to review the progress on the development of Rashakai Special Economic Zone in Islamabad.

The meeting was apprised about the progress of work at Special Economic Zone, especially regarding supply of gas and electricity to the Zone.

It was informed that 10MW electricity is available for Rashakai SEZ while the transmission line for another 160 MW is under construction and will be completed by November this year.

The meeting was further informed that the first Unit, a Steel Plant at the Zone is under construction and in the first phase, an investment of 79 million dollars will be made to produce 500,000 tons of Construction steel.

Asad Umar also directed the Planning Division to carry out monitoring of the various activities related to the Special Economic Zones.

 

[ghazi52]

Chinese company to carry out marketing for Rashakai SEZ

https://nation.com.pk/NewsSource/app
APP
April 03, 2021


The China Road and Bridge Corporation (CRBC) would carry out the marketing campaign for the Rashakai Special Economic Zone under China Pakistan Economic Corridor (CPEC) expressing interest to work with the Board of Investment in this regard.

In a meeting with Minister for Planning Development and Special Initiatives Asad Umar here on Friday, the CRBC Vice President Sun Yaoguo along with a delegation said that external marketing of the SEZ to local and foreign investors was crucial for its full operationalization.

The meeting reviewed the Rashakai Special Economic Zone (SEZ) and CRBC’s mega-project Karachi Coastal Comprehensive Development Zone. The vice president of CRBC stated that the development work of Rashakai SEZ was being carried out at a fast pace and to that end the necessary resources had already been mobilized.

He assured the minister that the timelines for the projects would be strictly observed. The minister said that the industrial cooperation was the need of CPEC and the government was keen to see early completion of the project and the ministry of energy had already expedited the work on supply of electricity and gas to the SEZ.

He said that BOI would fully cooperate with CRBC for effective marketing of the SEZ. Asad Umar said that it was the first time in Pakistan that the foreign developer would be marketing an Industrial zone. He hoped that CRBC would be able to attract substantial investment in the SEZ from Chinese investors.

During the meeting Mr. Sun also briefed about CRBC’s mega project Karachi Costal Comprehensive Development Zone in collaboration with the Ministry of Maritime Affairs and the government of Sindh.
He said that the project would add substantially to the city’s economy landscape and would be generating employment opportunity for a very large number of populations of the city.

The minister said that the Karachi Costal Development Project was an important project and the federal cabinet had approved the signing of a Memorandum of Understanding (MoU).

It will give a boost to the business and technology sectors and provide employment opportunities to the people.

 

[ghazi52]

Federal Minister Asad Umar and Asim Saleem Bajwa at the reception ceremony of first consignment, carrying equipment and machinery for Century Steel at Karachi Port, for setting up of a steel mill in Rashakai Special Economic Zone.

CRBC, a Chinese firm had entered into an agreement with Pakistan under CPEC to promote foreign investments for development and marketing in Rashakai Special Economic Zone

 

[Patriot forever]

View attachment 731006




Federal Minister Asad Umar and Asim Saleem Bajwa at the reception ceremony of first consignment, carrying equipment and machinery for Century Steel at Karachi Port, for setting up of a steel mill in Rashakai Special Economic Zone.

CRBC, a Chinese firm had entered into an agreement with Pakistan under CPEC to promote foreign investments for development and marketing in Rashakai Special Economic Zone

Peace in Afghanistan and trade relations are important. Iron ore reserves in Afghanistan can feed these mills in KPK and used by Chinese mills and shipped to China, currently the largest importer of iron ore.

Remember nawaz sharif business partner Jindal without visa and state approval visits? India's interest in Afghanistan's iron ore?

 

[Abid123]

Peace in Afghanistan and trade relations are important. Iron ore reserves in Afghanistan can feed these mills in KPK and used by Chinese mills and shipped to China, currently the largest importer of iron ore.

Remember nawaz sharif business partner Jindal without visa and state approval visits? India's interest in Afghanistan's iron ore?

Well it looks like peace will come to Afghanistan if foreign troops leaves before 1th may deadline.

 

[ghazi52]

Federal Minister Asad Umar and Asim Saleem Bajwa at the reception ceremony of first consignment, carrying equipment and machinery for Century Steel at Karachi Port, for setting up of a steel mill in Rashakai Special Economic Zone. He said the Chinese company called Century Steel would set up a steel mill at the Rashakai economic zone with an investment of $240 million. The mill would produce about 1.5 million tonnes of steel per year.

During the construction phase of the project over 600 Pakistanis would get jobs while in the second phase more than 1,000 people would be provided employment.

 

[Paul2]

Federal Minister Asad Umar and Asim Saleem Bajwa at the reception ceremony of first consignment, carrying equipment and machinery for Century Steel at Karachi Port, for setting up of a steel mill in Rashakai Special Economic Zone. He said the Chinese company called Century Steel would set up a steel mill at the Rashakai economic zone with an investment of $240 million. The mill would produce about 1.5 million tonnes of steel per year.

During the construction phase of the project over 600 Pakistanis would get jobs while in the second phase more than 1,000 people would be provided employment.

1.5MT... for $240 million something doesn't feel right here.

 

[ghazi52]

1.5MT... for $240 million something doesn't feel right here.

Yes, you may be right, in Jan 2021, it was stated ....

Having the capacity to produce 0.25 million tons of steel products per annum at the proposed plant in Rashakai, the project will consume 45MW of electricity and create job opportunities for 1,000 employees directly or indirectly.