President SCCI for ‘Special Economic Zone’ status of SEPZ under CPEC

Sialkot

President Sialkot Chamber of Commerce and Industry (SCCI) Majid Raza Bhutta has suggested that Sialkot Export Processing Zone (SEPZ) be given the status of Special Economic Zone under China Pakistan Economic Corridor (CPEC) for enhancing exports from Sialkot, Gujranwala and Gujrat. In an interview with APP on Tuesday, he said the conversion of SEPZ into Special Economic Zone (SEZ) would enable the business community of Sialkot, Gujranwala and Gujrat to set up their individual industrial units in SEZ. Majid underscored the need of setting up SEZ in Sialkot and stressed that Chinese investors should be encouraged to bring in their investment and technology. The SCCI President also suggested that government could identify high priority sectors for export and ensure concessions and incentives to encourage the export of respective sectors. “For the development of export sector and to turn around the declining trend of exports it is imperative for the government to devise a sound sector specific strategy and a vision with defined objectives”,he said. The SCCI President urged that government should provide special incentives to encourage the export of high priority sectors like textile and clothing, surgical and dental instruments, leather products, sports goods, footwear, gems and jewellry and furniture.—APP