Three Companies Get Zone Enterprise Status in RASHAKAI SEZ

PESHAWAR: In a landmark achievement of the Khyber Pakhtunkhwa Economic Zones Development and Management Company (KP-EZDMC), the 5th Rashakai SEZ committee awarded the status of zone enterprise to three companies, who are now recipients of industrial plots in Rashakai Special Economic Zone (SEZ).

An official of the company said here on Tuesday that a collective investment of Rs 1.2 billion and employment generation of over 500 was expected from these companies.

These three enterprises include G&S Medcure (private) Limited, which will cater to the diverse market of Pakistan providing healthcare products; Globe Park Metals (private) Limited with a background as a trader in long steel, smart phones, and ferrous and non-ferrous scrap in the UK, UAE, and Pakistan; and Haris Mahmood (private) Limited with an aim to export food items, raw cotton, etc.

The SEZ committee has so far approved 18 enterprises, leasing out 68 acres with an investment figure of Rs79.2 billion.

The swift approval mechanism and implementation by the federal and provincial governments make Rashakai SEZ the premier CPEC industrial project in Pakistan.

The zone will invigorate industrial activities and uplift the region’s economy. The teamwork by the federal and provincial government departments, particularly the efforts of EZDMC and KP-BOIT, are helping in removing hurdles to industrialisation.

Published in Dawn, December 21st, 2022

 

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