Special Economic Zones (SEZs)

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Work on access road for Rashakai Special Economic Zone under CPEC is in progress, on schedule and will be completed on time.

 

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KP CM breaks ground for 257-acre Jalozai Economic Zone
'With expected private sector investment of Rs8bn, the economic zone will ensure provision of around 50,000 direct and indirect jobs'


By
Staff Report
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July 15, 2020
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PESHAWAR: Khyber Pakhtunkhwa Chief Minister Mahmood Khan formally performed the groundbreaking of Jalozai Economic Zone on Wednesday.

“A game-changer for the area, the 257-acre Jalozai Economic Zone, which is part of the China-Pakistan Economic Corridor (CPEC), will facilitate around 50,000 direct and indirect jobs with expected private sector investment of Rs8 billion,” said a statement issued on Wednesday. “Being in the proximity of the provincial capital and adjacent to the engineering university campus and new housing scheme, the economic zone offers promising potential to the private investors and entrepreneurs who either intend to expand their existing businesses or to come up with new startups. “

Addressing the groundbreaking ceremony as chief guest, CM Mahmood Khan termed the development of Jalozai EZ “highly important and a dire need of the hour”, as it would not only create employment opportunities in the area but would also boost economic and industrial activities in the province.

“The provincial government is taking result-oriented measures to promote economic activities in the province with an aim to provide maximum employment opportunities to the people badly affected due to the prevailing corona situation,” the CM remarked. “We will soon announce the inauguration of other economic zones as well, including those planned in Chitral, DI Khan, Hattar etc.”

The CM informed that work on the groundbreaking of the flagship Rashakai Economic Zone was in the final stages, and that its ceremony would soon be performed by Prime Minister Imran Khan.

“The promotion of housing and construction sectors is among the top priorities of the PTI government and as per the vision of PM Imran Khan, concerted efforts are being made under a well-devised plan to extend maximum facilitation to private sector investors.”

Khan further informed that the provincial government had recently approved amendments in the relevant rules and regulations to make the cumbersome process of private investment easier, adding that the provincial government would provide locally produced electricity to industrial units on cheaper rates through the newly introduced wheeling system to attract more investment.

“Due to the availability of labour at local level, industries like pharmaceutical, food processing, construction, marble, granite, food packaging and furniture will benefit from investment in the new economic zone,” the CM opined.

Responding to the allegations and criticism of opposition parties against the provincial government, Mahmood khan challenged them to carry out an inquiry into any mega project of the provincial government by any investigating agency of their choice, saying that the provincial government would come out clean every time.

“Those who are enjoying power in a particular province for the last 15 year, have rendered the province into ruins, and we advise them to focus their attention on the well being of their people.”

The well placed Jalozai Economic Zone is connected to federal capital through M-1 Motorway, Torkham and Azakhel Dry Port which adds to its strategic strength. Industrial products from the Jalozi EZ could find themselves in high demand areas like Afghanistan, Central Asia, China and urban centres in the region. So far, around 400 applications have been received from private sector entrepreneurs for investment in the economic zone.

https://profit.pakistantoday.com.pk...ks-ground-for-257-acre-jalozai-economic-zone/

 

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CM Pakhtunkhwa Mahmood Khan inaugurated 257 acres Jalozai Economic Zone under CPEC in Dist Nowshera. KP.
'With expected private sector investment of Rs 8bn, the economic zone will provide around 50,000 direct and indirect jobs'

 

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Chinese firms propose setting up of 700MW project for two SEZs


BOI to help set up solar captive power plant

APP
July 17, 2020

ISLAMABAD: It is the government’s priority to ensure provision of uninterrupted and affordable energy to industries, remarked Minister of State and Board of Investment (BOI) Chairman Atif R Bokhari.

Keeping the prime minister’s vision in view, he said, the BOI had taken the initiative to establish the first-ever solar captive power plant for the Special Economic Zones (SEZs) in the country.

In this regard, the BOI facilitated the signing of a tripartite memorandum of understanding (MoU) between state-owned enterprises including the Faisalabad Industrial Estate Development and Management Company (FIEDMC), Power China Jiangxi Electric Power Construction Co Ltd (JEPCC), a subsidiary of Power China, and Henan Zhonghui Electric Power Engineering and Consulting Co Ltd (HZEPEC), according to a statement issued by the BOI on Thursday.

BOI officials revealed that Chinese companies had proposed the setting up of a solar photovoltaic power project of 700 megawatts for the two SEZs of FIEDMC, namely the M3 Industrial City and the Allama Iqbal Industrial City.

The provisionally estimated total investment in the project is $630 million, wherein Chinese companies will be the financiers and the SEZ developer/FIEDMC can provide land on lease or can be an equity investment partner in the project.

Officials said the project would be completed in three phases as per the electricity demand of the SEZs, according to the statement. FIEDMC will meet the estimated power requirement of both the SEZs, along with the infrastructure inside and outside of the SEZs for power distribution.

There is a plan to adopt the build-own-lease-transfer (BOLT) cooperation model for the project, which will be the first BOLT programme in Pakistan. Officials said the MoU would pave the way for the SEZs to have their own captive power plants for interruptible, affordable and sustainable power supply.

Published in The Express Tribune, July 17th, 2020.

 

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Rashakai SEZ pact to be signed by end August:

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.

 

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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.

 

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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.

 

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China and Pakistan have signed the Development Agreement for Rashakai Special Economic Zone (SEZ). This will promote Industrialisation and export led growth for Pakistan

 

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Development Agreement Signing Ceremony for Rashakai Spec Eco Zone (SEZ) will be held today evening at PM House. China Road & bridge Const Company is the development partner with KP Govt.2nd after Faisalabad,to accelerate Industrialisation in Pakistan.