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Govt Sets One Year Target to Attract 40 Companies to SEZs

Govt Sets One Year Target to Attract 40 Companies to SEZs

Islamabad: The government of Pakistan is all set to make all possible efforts to attract Foreign Direct Investment (FDI) to the Special Economic Zones (SEZs). Special assistant to prime minister (SAPM) on CPEC affairs Khalid Mansoor told the newsmen on Monday that the government has set a one-year target to bring 40 investment companies to the Special Economic Zones (SEZs). The work on four of the nine special economic zones is already in progress and the development of the remaining five economic zones would be started soon, the SAPM told.

Earlier last week the Special Assistant to PM on Commerce and investment Abdul Razzaq Daud through his social media account shared that a UAE-based company is going to invest $15ml on Faisalabad Special Economic Zones next month. The Chairman Board of Investment in a recent talk to media told that the government is going to offer special incentives for investment in SEZs that include tax exception for ten years and exemption of customs duty on import of capital goods for the developers housed in SEZs.

Special assistant to PM on CPEC affairs also revealed that during the ongoing phase of CPEC textile, IT, Automobile, and pharmaceuticals are being focused. The construction of industrial and agricultural complexes is also a part of the ongoing phase of CPEC that would result in the socio-economic uplift of the country besides creating numerous jobs for the young ones. The incumbent government under the visionary leadership of Premier Imran Khan is doing its utmost to provide a conducive environment for the investor, developers, builders, and tourists to tourists so that the FDI can be attracted for the uplift of the economy at the grassroots level.

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