QUETTA: The chief executive of the Balochistan Board of Investment and Trade, Farman Zarkoon, has said that special economic zones (SEZs) in Bostan and Hub will boost industrialisation in the province.

“The federal and provincial governments will establish SEZs under the Special Economic Zones Act, 2012,” he said on Monday.

He said the role of the Board was to act as a mediator between the Special Economic Zones Authority and its operators.

Mr Zarkoon said developers and entrepreneurs would be exempted from duties and taxes on import of all capital goods for the purpose of development, operation and maintenance of SEZs.

“All taxes on the income generated in connection with the development and operation of the economic zone will be exempt from all taxes for 10 years from the start of the Special Economic Zones Development Agreement,” he said.

“The Bostan special economic zone provides investment opportunities in various industries, including fruit processing, agricultural machinery, pharmaceuticals assembly of motorcycles. The Hub SEZ on an area of 400 acres will have chemical, food, cement, pharmaceuticals, energy, oil lubricants, marble, metal processing, mineral grinding and steel grinding plants,” Mr Zarkoon said.

The project would create 143,000 jobs directly and indirectly for the people of Balochistan, he added.

Published in Dawn, July 21st, 2020

Opinion

Diverging paths
Updated 15 Apr 2021

Diverging paths

It seems that Imran Khan is feeling the pain of the adjustment that he has had to undertake.
Judging the judges
15 Apr 2021

Judging the judges

In the end, like Joan of Arc, they were made to pay with their blood.
People to people
Updated 15 Apr 2021

People to people

By facilitating access, the governments of India and Pakistan can start to build trust and understanding between the two publics.
Hostage to extremism
Updated 14 Apr 2021

Hostage to extremism

Once again, the TLP has succeeded in bringing the administration to its knees.

Editorial

Afghanistan exit
Updated 15 Apr 2021

Afghanistan exit

Afghanistan has suffered for decades as powerful local players have refused to compromise and have insisted on hogging power.
15 Apr 2021

New census

EARLIER this week, the Council of Common Interests approved the controversial National Population and Housing ...
15 Apr 2021

With no place to go

No matter where one looks, one can’t escape the heartrending sight of scores of children of all ages begging, ...
TLP protests
Updated 14 Apr 2021

TLP protests

For the good of the country, and its image as a nation where extremism has no place, such groups must be strictly reined in.
14 Apr 2021

PPP’s formal exit

THE PPP’s formal resignation from all offices of the PDM comes as no surprise after weeks of tension and public...
14 Apr 2021

Natanz attack

AS the P5+1 and Iran try to breathe life back into the JCPOA, as the nuclear deal is officially known, it appears...