ISLAMABAD – The Board of Investment (BOI) is committed to implement thereforms agenda for modernization of institution and enhancing foreigninvestment in the country.
“We want to introduce one window operation in Special Economic Zones (SEZs)to facilitate the local and foreign investors”, a senior official of BOItold APP here on Monday.
He said three Special Economic Zones (SEZs) have become operational in thecountry and started production while remaining six zones would berationalized by June, 2019.
Replying to a question, he said National Industrial Parks (NIP) adevelopment and management company would develop the planned SEZ inIslamabad.
“We require around 50 acre land to develop SEZ in the federal capital forproviding equal opportunity and facilities to foreign and local investors,”he said.
He suggested Pakistani investors should go for joint venture with foreigninvestors to learn the international best managerial skills and technology.
He said that SEZs would lead to create employment opportunities anddevelopment in the area.
The government has identified 46 economic Special and Prioritize zonesacross the country in different regions including seven approved Prioritizezones, he added.
He said, “We are committed to facilitate the foreign investors in SEZs.”The SEZs investors would get the facility for plant and machinery importwithout customs duty throughout the country.
Three each SEZs would be established in Punjab, Sindh and one in KhyberPakhtunkhwa, he added.
Replying to a question, he said that nine more Prioritized Special EconomicZones (PSEZs) would also be established in Punjab, Sindh, KhyberPakhtunkhwa, Balochistan, Northern Areas and Federally Administered TribalAreas.
The official said that nine prioritized industrial zone have been proposedfor high tech industry meant to enhance the export and employmentopportunities to the people in the country.