PM reviews progress on establishment of SEZs

Kiani/Karrar – October 23, 2019

Prime Minister Imran Khan says all the initiatives for establishment of Special Economic Zones will be spearheaded by the Federal Government while taking the provinces fully on board.

He was chairing a meeting in Islamabad on Wednesday to review progress on establishment of Special Economic Zones across the country.

Prime Minister directed to ensure that no effort is spared to ensure the completion of SEZs on war footing.

Imran Khan stressed that we should remain competitive in providing incentives for transfer of technology and relocation of industries from China on the lines of incentives being provided by other regional countries.

He said present government has brought about significant improvements in ease of doing Business in the country.

Earlier, the meeting was informed that funds to the tune of 2.8 billion rupees will be provided for provision of electricity to Bin Qasim, Dhabeji, Rashakai and Hattar SEZs during the financial year 2019-20.

Moreover, additional arrangements are being made for provision of 110 MMCFD Gas at the cost of 3.75 billion rupees to different SEZs out of total 689 MMCFD requirement till 2023.

The meeting was also apprised of the revisiting efforts in existing legislative framework regarding  uniform treatment for all local and foreign investors to ensure one hundred percent foreign ownership and repatriation of profit as well as dividends.

Kiani/Karrar

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