As an important development to boost industrial sector in the speedy promotion of industrial in the province, the Khyber Pakhtunkhwa government has finalized the preparations for the commercial launching of six new economic zones including Nowshehra Economic Zone, Rashakai Special Economic Zone, Ghazi Economic zone, Chitral Economic Zone, Mohmand Economic Zone and D.I Khan Economic Zone. These all economic zones would be launched phase vise from November this year to February next year.
This was told in a high level meeting held here with Chief Minister Khyber Pakhtunkhwa Mahmood Khan in the chair to review the progress made so far on the establishment of various economic zones in the province.
Special Assistant to Chief Minister on Industries Abdul Kareem Khan, Secretary Industries Javed Marwat, Principal Secretary to CM Shahab Ali Shah, Chief Executive Officer of Khyber Pakhtunkhwa Economic Zones Development and Management Company and authorities of Finance and P&D Departments attended the meeting.
The forum was informed that launching of 76 acres Nowshehra Economic Zone extension project was expected till the end of ongoing month. Investment of Rs. 1.6 Billion and roundabout 12000 direct and indirect employment opportunities was expected through this project. Construction of access road to the project site has been completed and 200 KVA transformers has been installed to provide electricity. It was further informed that all the pre-requisites have been completed for the inauguration of 1000 acres Rashakai Special Economic Zone and scheduled to be launched by the next month.
The project would have space to accommodate 400 industrial units through which investment of $1.9 billion approximately and two lac direct and indirect employments were expected. 70% work on the access road to the site has been completed. Similarly, 89 acres Ghazi Economic Zone.