ISLAMABAD: The Board of Investment has identified 41 sites for establishing special economic zones (SEZs) to boost the China-Pakistan Economic Corridor (CPEC) projects, the National Assembly’s Standing Committee on Planning, Development and Reform was informed on Tuesday.

The committee’s meeting was presided over by Abdul Majeed Khan Khanan Khail.

“We need to pave the way for export-oriented businesses to reap full benefits of the CPEC,” Mr Khanan Khail said, adding that the committee would like to know what incentives were available for local investors as there were rumours there were little benefits for them.

The committee was informed that seven SEZs had been notified by the BOI so far.

It was informed that there was no difference between incentives given to local and foreign investors in the SEZs.

The BOI has devised a comprehensive plan for development and management of an industrial park under the CPEC incentives for both local and foreigner investors in the SEZs.

The committee was informed that the 41 sites had been selected after consultations with the provincial, Azad Jammu and Kashmir and Gilgit-Baltistan governments and the Federally Administered Tribal Areas secretariat.

The members recommended setting up of vocational and technical training centres in the zones for local people.

Published in Dawn, February 15th, 2017

Opinion

Karachi development
Updated 13 Apr 2021

Karachi development

Our planners must learn that infrastructure and services are essential to economic progress.
The government’s emerging traits
Updated 12 Apr 2021

The government’s emerging traits

Frequent bureaucratic changes signify a whimsical way of governing and reflect knee-jerk reactions to the criticism of the day.

Editorial

Reform after Daska
Updated 13 Apr 2021

Reform after Daska

Electoral malpractice generates instability and delegitimises the mandate of the winner, triggering one crisis after another.
13 Apr 2021

Reinstating LGs

THE PTI government in Punjab is sending confused and conflicting signals to people when it comes to the critical...
13 Apr 2021

Remembering I.A. Rehman

THE quest for a progressive society in Pakistan, at peace with itself and its neighbours, suffered a big setback in...
Pakistan-India peace
Updated 12 Apr 2021

Pakistan-India peace

Experts note that everything — including Kashmir — can be resolved if there is a will in both capitals.
12 Apr 2021

Child abuse

IN its annual report, the NGO Sahil found that there has been a 4pc increase in documented cases of major crimes...
12 Apr 2021

New tax chief’s task

THE FBR got a new chairman on Friday. Asim Ahmed, a senior IRS officer who was serving as the Board’s IT member...