CPEC’s Rashakai SEZ Committee awards status of special zone enterprises to six companies

Peshawar: China-Pakistan Economic Corridor (CPEC)’s Rashakai Special Economic Zone (SEZ) Committee has awarded the status of special zone enterprises to six companies who are now recipients of industrial plots in the Rashakai SEZ.

Khyber Pakhtunkhwa Economic Zones and Management Company (KP-EZDMC) announced here that the decision was a landmark achievement towards the industrialization agenda of Khyber Pakhtunkhwa.

A collective investment of Pakistani Rs 3.6 billion was expected to come after leasing out 21 acres of land to these companies.

The SEZ committee has till date approved 15 enterprises leasing out 60 acres of land with an investment figure of Pakistani Rs 70 billion.

Significant progress has been achieved in development and colonization during the last few months by Rashakai SEZ, being the premier CPEC SEZ in Pakistan.

The teamwork by the federal and provincial governments, particularly the efforts of the KP-EZDMC and Khyber Pakhtunkhwa Board of Investment and Trade (KP-BOIT) are helping to remove the hurdles hindering the progress.