ISLAMABAD: The Board of Investment (BOI) on Thursday said National Industrial Parks (NIP) a development and a management company would develop the planned Special Economic Zone (SEZ) in Islamabad.
“We require around 50 acre land to develop Special Economic Zones (SEZ) in the federal capital for providing equal opportunity and facilities to foreign and local investors, a Spokesman of Board of Investment (BOI) Shah Jahan.
He suggested Pakistani investors should go for joint venture with foreign investors to learn the international best practices of managerial skills and technology.
He said that Special Economic Zones would lead to create employment opportunities and development in the area. The government has identified 46 economic zones throughout the country in different regions including seven approved zones, he said.
He said, “We are committed to facilitate the foreign investors in Special Economic Zones (SEZs).”
SEZs investors would get the facility for plant and machinery import without customs duty in all four provinces of the country.
Three each SEZs would be established in Punjab, Sindh and one in Khyber Pakhtunkhwa, he added. He said that nine more Prioritized Special Economic Zones (PSEZs) would also be established in Punjab, Sindh, Khyber Pakhtunkhwa (KPK), Balochistan, Northern Areas and Federally Administered Tribal Areas (FATA).
BOI spokesman said that nine prioritized industrial zone have been proposed for high tech industry meant to enhance the export and employment opportunities to the people in the country. He said the SEZ Cell had been furnished on the contemporary corporate style and would be equipped with state-of-art facilities.
Priority of BOI was to revive the confidence of foreign businessmen to ultimately boost foreign investment in the country, he added.
