Thursday , July 19 2018
Breaking News
Home / Business / SEZs to start operations within two years: BoI spokesman
SEZs to start operations within two years: BoI spokesman

SEZs to start operations within two years: BoI spokesman

ISLAMABAD: The Board of Investment (BoI) has said that Special Economic Zones equipped with modern state of art facilities for foreign and local investor would start operating within next two years.

In order to ensure rapid industrialization, BoI would introduce the incentive package including electricity, gas and 10 years tax holidays for the investors, said BoI spokesman Shah Jahan told APP here. The spokesman said that SEZs investors would get the facility for plant and machinery import without customs duty in all four provinces of the country.

Shah Jahan said that seven SEZ cells had been approved for facilitating the investors through one window operation to provide them facilities at one place.

Three each SEZs would be established in Punjab and Sindh and one in Khyber Paktunkwa, he added.

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

The BoI was fully committed to revive the confidence of foreign businessmen to ultimately boost foreign investment in the country. He said that through pro-active approach, “We have been mainly focussing to achieve the Foreign Direct Investment (FDI) target $15 billion by 2025.”

The spokesman said that foreign investors were keen to invest in various sectors of Pakistan. He said the government is committed to provide ease of doing business for foreign investors and also global competitiveness for investors.

Shah Jahan said that Pakistan was among top 10 countries in the world for improving in investment laws and providing facilities for doing business to foreign investors.