The officials said the project’s Phase I encompassed 247 acres of modern facilities designed to attract domestic and foreign investors promising to spur economic growth and job creation and thus, strengthening Sino-Pak cooperation and relations under the umbrella of the CPEC. They said Phase I housed 18 zone enterprises with seven being under construction mobilising an estimated investment of Rs85 billion.
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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Besides the investment of US $ 400 million, the KPEZDMC expects the generation of 250,000 to 300,000 direct and indirect employment, he said, adding that 80 percent of the labour force in the zone would be local, particularly natives to the area.
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. The SEZ committee has so far approved 18 enterprises, leasing out 68 acres with an investment figure of Rs79.2 billion.
The group, with 40 years of experience, intends to bring more innovative ideas and expertise from well-developed countries which will not only enhance and reshape the current market but also contribute to the Pakistani job market and will favourably impact import substitution, for not only demotic but for exports also.
PM FOR STRICT COMPLIANCE OF PROJECT TIMELINES IN RASHAKAI SEZ June 16 2022 ISLAMABAD (Dunya News) – Prime Minister Muhammad