Five economic zones to be launched within 18 months: KPEZDMC

PESHAWAR: Chief Executive Officer, Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) Javed Khattak disclosed that five new economic zones would be launched within next 12 to 18 months period, bringing the total number of Economic Zones to nineteen (19) in the province.

Javed Khattak was addressing a ceremony held to appreciate the performance of management of KPEZDMC in Hattar Industrial Estate, Haripur, said a press release issued here on Wednesday.

CEO KPEZDMC also informed of the Company’s plan to acquire additional 110 acres of land adjacent to the Special Economic Zone for expansion, which would enable the new and existing projects to expand their facilities.

Hattar being in the proximity of Federal Capital Islamabad, and more importantly on the CPEC route has significant potential to attract domestic and overseas industrial interests, which the Company now intends to attend to.

Javed also spoke about the five (5) new economic zones that are being worked on for launching within 12 to 18 months’ time, bringing the total number of Economic Zones to nineteen (19) in the province.

Copyright Business Recorder, 2023