Islamabad:

Planning Minister Ahsan Iqbal has maintained that it should be a matter of deep concerns for all stakeholders if the progress on the development of economic zones under China Pakistan Economic Corridor (CPEC) is not made within the scheduled timeframe, instructing for ensuring tangible outcomes of Pak-China industrial cooperation.

According to sources, the minister expressed deep concern and lash out at the performance and miscoordination among the stakeholders. He expressed these views while chairing a meeting to review progress on Special Economic Zones (SEZs) here on Thursday late night. The meeting was attended by senior officials from line ministries and provincial governments. On this occasion, the provincial authorities briefed the meeting about their respective SEZs.

A number of the special meeting on these economic zones have been already held but the progress on SEZs on the part of provinces was witnessed slow. FATA & Khyber Pakhtoonkhaw seems more serious than other provinces as leading in the development phase. In FATA the SEZ work is underway while in KP at Rashakai, the government already acquired maximum land for the construction of special economic zone. Minister Ahsan Iqbal directed all stakeholders to fast-track the development of SEZs, complete land acquisition process and feasibilities. He instructed the line ministries and provincial governments to ensure concrete measures for the provision of electricity, gas and other facilities to these SEZs.

“We need to transform these SEZs into an attractive destination for foreign investment”, said Ahsan Iqbal, instructing provinces to finalize their incentives plan for SEZs, in addition to the incentives already announced by the federal government.

The zone authorities should create a competitive environment for making this cooperation, a truly successful one, said Ahsan Iqbal.

%d bloggers like this: