ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Asad Umar chaired a progress review meeting on the development and groundbreaking of Rashakai Prioritized Special Economic Zone (SEZ) under the China Pakistan Economic Corridor (CPEC) framework here on Thursday.

The meeting was briefed on the progress of work at the SEZ. It was informed that the camp office at the site had been established, while the first industrial unit had started its construction work within the Zone. The Zone was getting an encouraging response as more than 2000 investors had indicated in setting up their units in the SEZ, the meeting was told. It was also discussed that all such applicants will be processed in a transparent manner to allocate appropriate space within the Zone.

Asad Umar appreciated the work carried out by Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) and the development to setup Rashakai as the first SEZ in Public-Private Partnership (PPP) model. He said that the relevant federal agencies will be directed to provide all necessary support and assistance to make the SEZ a success.

Provincial Finance Minister KP Taimur Khan Jhagra and senior officials of the federal and provincial governments attended the meeting.


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