The Board of Directors meeting of special economic zone authority on Tuesday approved and granted the status of Special Economic Zone (SEZ) to Mohmand Marble City.
The meeting chaired by Khyber-Pakhtunkhwa Chief Minister Mahmood Khan approved the purchase of 2,000 acres of land for the city to convert it into the SEZ, while the authorities concerned were directed to start the feasibility study.
The meeting was informed that Mohmand Economic Zone covers an area of 350 acres, while 106 out of 290 plots of different categories in the zone have been allotted.
Moreover, a 132KV grid station has been set up in the city to supply electricity to industries.
The chief minister directed officials that no plot should be allowed for sale in Rashakai Special Economic Zone, while shifting of marble factories from Warsak road, Malagori and Shabqar to the economic zone should be done on priority basis.
He further directed that allotment of plots in economic zones and industrial estates in the province should be cancelled if the practical work for setting up of industry didn’t start within six months of the allotment.
“The government aims to promote industries and create employment opportunities in the province for which all stakeholders including industry department need to fulfill their responsibilities as per the stipulated timelines,” said the chief minister.
Khan assured provision of best facilities to investors in the province for promotion of the industrial sector, adding the government would fully support the industrial sector to create job opportunities for local people.
The meeting was attended by Special Assistant to CM for Industries Abdul Karim and other Board members from public and private sectors.
During the course of the meeting, the members were briefed on progress of implementation of decisions taken in previous meeting of the board.
It was informed that the Board of Investment has given formal approval for zone regulation of several special economic zones and the regulations have been made a part of the development agreement which were signed for several SEZs.
Moreover, special purpose vehicle of Rasahkai Special Economic Zone has been registered with the Securities and Exchange Commission of Pakistan.
The meeting also approved the proposed standard operating procedures (SOPs) for the zone authority and directed to submit the SOPs to the BOI for final approval.
The members of the meeting also considered proposal to give status of sole enterprise to a private company for setting up cement and other construction materials industry in DI Khan.