Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) has submitted a proposal on Comprehensive Special Economic Zone to Federal Board of Investment (BoI). The proposal reaffirms and re-iterates Government of Khyber Pakhtunkhwa's position on the inclusion of SEZs in the CPEC framework, according to press statement issued by KPEZDMC here on Wednesday.
The position of KP is that Rashakai SEZ - being always the first choice - must be included as a prioritized SEZ in the CPEC framework under the scheme - Two zones under CPEC', ie the KP CSEZ, where Hattar SEZ is included also for synergistic, simultaneous, synchronized and balanced development / operation of the two distinct SEZs. These SEZs are offered along with associated rail cargo centres / logistics Hub, and with dedicated power plants. Engagement agreements have been signed with Chinese State Companies to achieve this objective.
In tabling this, the Government of KPK intends to cater to the broader national interest, and the interest of the people, GoKP's principled position is for balanced, equitably distributed economic development. GoKP trusts that Khyber Pakhtunkhwa's proposal will be fully supported by the Board of Investment for the Project's inclusion in the CPEC framework.
The CEO KPEZDMC Saeed Ahmad Khan said 'the Comprehensive Special Economic Zone at Rashakai and Hattar will be a game changer for Khyber Pakhtunkhwa by bringing prosperity in the region with thousands of jobs and multibillion dollars of investment.
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