CPEC has brought a revolution: PM Imran Khan

Prime Minister Imran Khan on Monday said the government was focusing on increasing the exports of Information Technology (IT) products as China-Pakistan Economic Corridor (CPEC) had brought a revolution in all sectors.

In a meeting with Chairman Special Technology Zones Authority (STZA) Amir Hashmi, the prime minister said provision of facilities to IT-related workforce was of top priority of the government.

The meeting discussed progress on the establishment of Islamabad Technopolis, the capital’s special technology zone, said a statement by the PM’s office.

Chairman STZA informed the prime minister that domestic and foreign companies were showing keen interest in investing in technology zones which were part of CPEC or were linked to CPEC. After the federal capital, special technology zones will be set up in provincial capitals like CPEC’s Special Economic Zones (SEZs).

Last month, STZA invited applications for Zone Enterprises at the Flagship Zone – Islamabad Technopolis to establish specialised technology facilities. In the first phase, the STZA has only invited applications for Zone Enterprises in Islamabad Technopolis including those zone enterprises who want to build their own specialized facilities.

In the second phase, applications for Zone Developers licenses will be opened; the date will be announced soon. Furthermore, for the next ten years, STZA has declared exceptional exemptions and tax holidays for prospective zone enterprises.

Source: China Economic Net