cpecnews news صفحۂ اول

Rashakai SEZ under CPEC is set to be launched soon

  • March 17, 2020
Rashakai SEZ under CPEC is set to be launched soon
Image caption Rashakai SEZ under CPEC is set to be launched soon

While addressing a ‘Dialogue on Industrial Cooperation under CPEC and SEZs Framework, Board of Investment (BoI) Secretary Omar Rasul said that the Rashakai Special Economic Zone (SEZ) would tentatively be inaugurated by May or early June of this year.

“Since a successful contract between the Economic Zones Development and Management Company and the state-owned China Road and Bridge Corporation (CRBC) has been signed to develop the Rashakai Special Economic Zone (RSEZ), the work on the first SEZ under CPEC will start in a month,” the BoI secretary said, according to Gowadar Pro App.

He said that it was a top priority of the government to ensure all measures be taken to allow the availability of utilities and resources and infrastructure development of the economic zones.

He added that they were committed to making sure that over 60 MW of power would be made available to the zone in one year.

Rashakai SEZ will cover an area of 778 acres in Nowshera district and is to be developed in 3 phases over a period of six years.

Advisor to the Prime Minister of Pakistan on Commerce, Abrul Razak Dawood said that the government was focusing on a strategy of export-led growth that has already delivered results.

He emphasized that increasing exports was critical to the economic development and the government was fully committed to making that possible through the development of economic zones.

The SEZs would not only spur economic growth, but also catalyze infrastructure development and industrial upgrading.

In addition, considering the location of the SEZ, the supporting infrastructure would encourage development of the surrounding area and empower its population.


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