The four Special Economic Zones (SEZs), work on which is continuing at full swing, would create as many as 1.47 million jobs besides playing an important role in promoting local industry to lead the country towards sustainable economic growth.
“The four SEZs including Rashakai M-1 Nowshera; Dhabeji Thatta; Allama Iqbal Industrial City Faisalabad and Bostan Balochistan would create around 475,000 direct and 1,000,000 indirect jobs all across the country,” senior official of Board of Investment (BoI) told APP here Monday.
Talking to APP, the official said these SEZ, which are part of China Pakistan Economic Corridor (CPEC) would promote overall industrial growth in the country, adding that development of these four zones was top priority of the government.
He was of the view that Pak-China industrial cooperation would make Pakistan a manufacturing hub in the region while the establishment of industrial zones would create vast investment opportunities for local industrialists.
The 1000 acre Rashkai Economic Zone has attracted at more than 2,000 domestic and foreign investments in different sectors of economy, hence promote rapid industrialization.
He said that the zone would be developed in three phases and as per the plan 247 acres of land would be developed in the first phase, 355 acres in the second phase and 399 acres in the third phase.
Likewise, the federal government would provide 210 MW electricity to the zone in three phases while it had also earmarked Rs 1203 million for gas for this zone.
The zone will provide employment to 80% locals, he said adding that Rashakai has the potential to become a hub of economic activity.
He said Rashakai Special Economic Zone is connected to all the provinces of Pakistan through airports, dry ports, railway stations, motorways and highways.
The zone is located at the confluence of the five major districts of KPK, Nowshera, Mardan and Swabi, Charsadda and Peshawar.
He said that there is fertile land in the adjoining districts, which is suitable for growing a variety of cash crops and vegetables.
The SEZ would cover more than 400 industries, including garments and textile products, home appliances, general commercial goods, electronics and electrical appliances, automobiles and mechanical equipment.—APP