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Chinese experts to visit Pakistan to review suitability of PEZs

Chinese experts to visit Pakistan to review suitability of PEZs

ISLAMABAD; The Board of Investment (BOI) on Friday said a delegation of Chinese experts would visit Pakistan on June 5 to review the suitability of Prioritized Economic Zones (PEZs) in Sindh and Khyber Pakhtunkhwa.

The delegation of Chinese experts headed by deputy head of mission of Chinese Embassy will evaluate Rashakai Nowshera and Dhabeji PEZs in Sindh, a BOI spokesman Shah Jhan Shah said.

He said foreign investors were keen to invest in various sectors of the country.The government is committed to provide ease of doing business for foreign investors and also global competitiveness for Multinational Companies (MNCs), he added.

Shah Jahan said a total of seven SEZs cells had been approved for facilitating the investors through one window operation to provide them facility at one place. “SEZs investors would get the facility for plant and machinery import without customs duty in all four provinces of the country.” Three each SEZs would be established in Punjab and Sindh while one in KPK, he added.

Responding to a question, he said nine more industrial zones had been approved for high tech industry to enhance the exports and provide employment opportunities in the country. “SEZ Cell had been furnished on the contemporary corporate style and would be equipped with state-of-art facilities.”