PESHAWAR, April 24: The fourth Special Economic Zone (SEZ) Committee on Monday awarded the status of special zone enterprise to six companies at Rashakai Special Economic Zone (RSEZ), a flagship project of China-Pakistan Economic Corridor (CPEC).
According to an official statement, six companies that were awarded the status of special zone enterprise are “now the recipients of industrial plots at RSEZ”, adding a collective investment of PKR 3.6 billion is expected to come, leasing out 21 acres of land. The SEZ committee has till date approved 15 enterprises leasing out 60 acres of land with an investment of PKR 70 billion.
RSEZ, also known as Rashakai prioritized SEZ, has progressed significantly in development during the last few months.
RSEZ is located at an ideal place, which is the confluence of five major districts of KP, and is reachable via a network of roads, motorways and railways.
The Government of KP and KPEZDMC, and China Road and Bridge Corporation (CRBC) are developing RSEZ, which is spread over an area of approximately 1,000 acres of land. RSEZ is expected to provide 200,000 direct and indirect employment opportunities to the locals.
Meanwhile, Minister of State of Foreign Affairs Hina Rabbani Khar during a meeting on Monday told Deputy Chief of Mission of the Chinese Embassy Ms. Pang Chunxue that Pakistan desired a “fresh momentum in high quality development of CPEC” and she welcomed “enhanced Chinese investments in CPEC’s SEZs”.