ISLAMABAD: Parliamentary Secretary for Planning, Development and Reform Dr. Ibadullah has informed the National Assembly that Special Economic Zones (SEZs) will be established in all the four provinces, federal areas and Gilgit-Baltistan under the CPEC (China Pakistan Econimic Corridor) project.
Responding to a question during question hour, he said these zones would be open to all investors, both for Pakistani and foreign investment.
These sites, he said, include Rashakai Economic Zone, M-1 Noshera, Bostan Industrial Zone District Pishin, China Special Economic Zone, Dhabeji, district Thatta, Allama Iqbal Industrial City (M3), Faisalabad, Moqpondass ZEZ, Gilgit, ICT Model Industrial Zone, Islamabad, Development of Industrial Park on Pakistan Steel Mills Land at port Qasim near Karachi, Special Economic Zone at Mirpur AJK, Mohmand Marble city. The Parliamentary Secretary said that Special Economic Zones under CPEC are open for all the international and domestic investors.
He said that the government is focusing on joint venture to establish industry in the country under the CPEC. He said that under the early harvest phase of CPEC, the government had focused on development of energy and modern transport infrastructure sectors.
He said that energy and infrastructure projects are about to complete while new era of trade and industrialization in Pakistan would open in the country after these special economic zones.
The Secretary said that NFC award was distributed according to set criteria and any increase in income generated by CPEC projects will come to into Federal Consolidated Fund (FCF) for further distribution between federation and provinces.
He said the impact of income generated by CPEC projects will have positive impact on the income of provinces through NFC award.
