Chief Minister Khyber Pakhtunkhwa Mahmood Khan on Tuesday afternoon ordered the concerned authorities to ensure that plots in the Rashakai Special Economic Zone (SEZ) under the China-Pakistan Economic Corridor leased out as selling of such plots is prohibited.
CM issued these directives while presiding over the seventh meeting of the Board of Directors of Khyber Pakhtunkhwa Special Economic Zones Authority. Special Assistant to CM on Industries Abdul Karim and other board members attended the meeting.
CM Khan further directed authorities of the industry department to ensure timely provision of utilities to all Economic Zones to ensure that work on the installation of plants is launched within the six months of the plot’s allotment. He said in case of failure in starting practical work within the specified period, the allotment of the plot would be cancelled.
The Board of the Directors of Khyber Pakhtunkhwa Special Economic Zone Authority (KP-SEZA) agreed to the proposed Standard Operating Procedures (SOPs) for Special Economic Zones Authority and cleared submission of the same to Board of Investment, Islamabad for final approval.
The board also approved the status of the Special Economic Zone for Mohmand Marble City and directed the authorities concerned to acquire additional land of 2000 acres and prepare a feasibility study for the purpose.
Chief Minister Khan said the basic purpose of establishing Economic Zones was to provide employment opportunities to people by promoting the industrial sector in the province for which all the stakeholders including Industry Department would have to fulfill their responsibilities well in time.
Source: China Economic Net