cpecnews news صفحۂ اول

Industrial cooperation under CPEC set to increase pace as BOI finalizes plan for revitalization of seven SEZs

  • May 16, 2019
Industrial cooperation under CPEC set to increase pace as BOI finalizes plan for revitalization of seven SEZs
Image caption Industrial cooperation under CPEC set to increase pace as BOI finalizes plan for revitalization of seven SEZs

ISLAMABAD: The government has finalised a plan for revitalisation of seven existing Special Economic Zones (SEZs) while missing facilities including utilities would be provided to them in next six months.

Chairman Board of Investment (BOI) Haroon Sharif said that BoI would ensure all out efforts to actualise the overall goal of industrial cooperation for shared prosperity under China Pakistan Economic Corridor (CPEC). He expressed these views while briefing Chinese Ambassador Yao Jing and investors during a visit to the newly established Project Management Unit of the Board of Investment here on Wednesday.

Chairman BoI said a revitalisation plan for the existing 07 special economic zone has been finalised wherein missing facilities including utilities would be provided in the coming six months to ensure utilisation of around 1500 acres land here would be brought under utilisation.

He further informed that apart from Asian economies, N Korea, Japan and Malaysia have shown keen interest to invest in Pakistan and the newly established Project Management Unit under the BOI will ensure maximum facilitation to the investors.

Chinese Ambassador Yao Jing appreciated BOI’s initiative of establishing a specialised PMU for Industrial cooperation and investor facilitation. The China Pakistan joint projects are open to world as well, he added.

The secretary BOI introduced the officers of the PMU who are to facilitate the Chinese as well as foreign investors from Pakistan to the Chinese delegation.

Executive Director General Fareena Mazhar informed the delegation regarding the objectives of the PMU. Its core objective is to provide secretariat support to the BoI and effectively facilitation investors. This newly established unit in BoI is assigned the task to perform the role of a coordinating body for collecting and disseminating the technical and other necessary information amongst all concerned stakeholders and keep intervening in the planning and development of state of the art special economic, export processing and industrial zones across the country.

This unit will provide a much-needed platform for multi-sector coordination, consultation and policy formulation. It will enhance capacity and provide policy and governance advice to support federal, provincial regional governments for establishment and relocation of industries besides attracting foreign direct investment in various sectors.

The PMU will also work to mobilise people to people & academia exchanges, HRD, ensure transfer of knowledge & technology, provide researched based data to implement CPEC industrial cooperation projects in a smooth and steady manner and capture the window of opportunity for structural transformation in Pakistan.

It will also market various investment opportunities available in Pakistan for Chinese and foreign investors and provision of complete business solutions to them to invest in Pakistan. Secretary BoI Omer Rasul Additional Secretary Muhammad Saleem Ahmad Ranjha were also present on the occasion.


China assists Pakistan in locust war
Huawei donates medical goods to help Pakistan combat COVID-19
BRI cooperation is durable, an ideal model for development amid COVID-19
CPEC is set to boost Pakistan-China industrial cooperation: Ambassador Yao Jing
Chairman BoI pledges support to SEZ investors
CPEC is a transformational project, contributing to the socio-economic development of Pakistan: MOFA
State-Owned Enterprises (SOEs) in Xinjiang donates anti epidemic material to Pakistan
Chinese military medical team visits NCOC, shares expertise to tackle COVID-19
Thar-block II is making progress under CPEC; workers enjoy good health and spirit
Xi Jinping replies to letter from Pakistani students studying in Beijing
Pakistani students are overwhelmed to receive President Xi reply to their letter
Chinese media house set to host a webinar highlighting joint efforts on locust control in Pakistan
China sends more medical supplies to Pakistan via two special flights from Shanghai and Chengdu
China’s Hubei province sends medical experts and supplies to Pakistan
China-Pakistan discuss an action plan to expedite ML-1 railway project under CPEC
China sends more medical supplies to Pakistan to fight COVID-19
Environment-friendly infrastructure development under BRI is vital to the post COVID world order: Adil Najam
CPEC enjoys priority, pivotal for socio-economic development of Pakistan: Gen (retd) Asim Saleem Bajwa
Lahore Orange Line Metro Train project enters final phase
Chinese Consulate in Karachi donates medical supplies and relief assistance to combat the COVID-19
China-Pakistan to deepen Military Cooperation amid COVID-19
CPEC is a savior of Pakistan’s economy amid the pandemic outbreak
No case of Coronavirus is reported at CPEC site
CPEC western route is set to complete next year
Suki Kinari Hydropower Project under CPEC is making progress despite COVID-19
China continues to provide medical assistance and relief packages to help Pakistan fight COVID-19
69% of work on Islamabad-DI Khan Motorway under CPEC is complete
China ensures steadfast support to Pakistan to achieve sustainable development goals
Port Qasim Coal-fired power plant continues safe power generation amid the outbreak of COVID-19
Pakistan is committed to take CPEC to new heights