Staff Reporter
Islamabad
Rashakai Special Economic Zone (RSEZ), is considered a land of opportunity that would not only bring employment opportunities for common people but also will change the destiny of the region, said Mr. Hassan Daud Butt, CEO, Khyber Pakhtunkhwa Board of Investment & Trade (KP-BOIT).
Talking to China Economic Net Hassan Daud said that Rashakai SEZ would be developed under the China-Pakistan Economic Corridor located at Nowshera- Mardan Road, around 57km away from Peshawar airport in the country’s northwest Khyber Pakhtunkhwa (KPK) province.
He said that anything that is produced within this SEZ can easily be exported to Afghanistan and through road connectivity from Gwadar, it can easily be exported to the rest of the world. Therefore, this is a great milestone that has been achieved by both governments.
A signing ceremony of the development agreement of the Rashakai SEZ was held on 14 September 2020 in Islamabad and Mr. Hassan Daud Butt signed the treaty from the Pakistani side.
“I think Rashakai special economic zone will contribute immensely towards the geo and socio-economic conditions of not just only in Khyber Pakhtunkhwa but entire Pakistan. It will create around 200,000 job opportunities and will bring different industries that can-do import substitution and bring new technologies” he told CEN in an exclusive interview.
Daud mentioned this project is within the umbrella of CPEC and Belt and Road Initiative (BRI). This is the first special economic zone that is being developed in a public-private partnership. if this experiment proves to be fruitful, I think many similar special economic zones will follow. The other important aspect is the location of the special economic zone that is near to Peshawar and also not too far from the Pak-Afghan Torkham border, he added.
