ISLAMABAD: The China Road and Bridge Corporation (CRBC) has termed the Rashakai Special Economic Zone (SEZ) as a role model project for other planned SEZs across the country.

A CRBC delegation led by Shi Xiaobo held talks with Board of Investment (BoI) Chairman Haroon Sharif on Tuesday and discussed timelines to make Rashakai SEZ operational.

Xiaobo said that Rashakai SEZ will help industrial development, create employment opportunities and generate economic activity, while the combined efforts of all stakeholders would be crucial for the project’s success.

During the meeting, BoI chairman explained the Rashakai SEZ holds strategic significance as it is closer to Afghanistan and Central Asian Countries. He added that BoI is strengthening its capacity to have dedicated teams to deal with investors from different countries, as well as to work on important assignments, with particular focus on Rashakai SEZ.

Incentive package for the Rashakai SEZ was also discussed during the meeting.

While talking to the delegation, BoI chairman emphasised the need for periodic meetings with all stakeholders to fast track the progress on SEZ.

Published in Dawn, May 15th, 2019