KP economic zones to generate 312,000 jobs

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Staff Reporter

Peshawar

The two Special Economic Zones (SEZ) each in Rashaki and DIKhan would collectively generate 312,000 direct and indirect jobs in the province, said an official data release here Thursday.
According to the data, the development and subsequently the colonization of Rashakai Prioritized Special Economic Zone (RashakaipSEZ) is expected to yield multiple economic benefits including 50,000 direct and 150,000 indirect jobs creation.
It would also promote trade and export to central Asian markets through Torkham corridor on Pak-Afghan border point. The PC-I for provision of electricity and gas to RashakaipSEZ has already been approved by Power and Petroleum Division respectively.
KP Economic Zone Development Management Company (KPEZDMC) has commenced work on the construction of access road to the doorstep of the zone, well ahead of its committed schedule.
In a major development for the province, the development agreement of RashakaipSEZ was recommended by the Board of Khyber Pakhtunkhwa Special Economic Zone Authority (SEZA) to the Board of investment (BOI), in its meeting held on 15th January 2020. The Authority also referred approval of SAIF Private special economic zone (SAIFpSEZ) in DIKhan to BOI for approval, it added.
The private SAIFpSEZ in DIKhan to be built on 481 acres, will generate 12000 direct and 100,000 indirect employment upon colonization. The SEZ will have captive power and will host cement, pharma, dates processing, Gypsum, construction etc industries. The SEZ will also focus on CSR activities including vocational training.
It said the SEZ would be a game changer for the local area in terms of employment opportunities and wealth creation.