Observer Report Islamabad
Rashakai Special Economic Zone (RSEZ) will be a leading example of public-private partnership with China.
It is poised to uplift Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province by attracting local and foreign investment, creating thousands of jobs and bringing in economic and social services, said Hassan Daud Butt, CEO Khyber Pakhtunkhwa Board of Investment & Trade (KP-BOI).
Talking to Gwadar Pro, Hassan Daud Butt said, “Many Chinese enterprises and investors have shown keenness to invest in RSEZ.
We are just waiting for the groundbreaking which will take place soon.
We have received many requests from Chinese investors for land acquisition in RSEZ and KP-BOI has prepared a plan to facilitate the investors upon the inauguration,”he said.
Prime Minister Imran Khan is expected to perform the groundbreaking of RSEZ on March 19.
The internal development work will begin after the inauguration while the external developments such as road construction, laying of electricity and gas pipelines are going full swing.
According to Hassan Daud Butt, the role of KP-BOI is to find potential investors, to interact with them and to give them potential projects.
“We also try our best to provide investors with one window service and to facilitate them in getting NOC (explain NOC) and regulation”, he told Gwadar Pro.
There is a one-time tax exemption for developers if they bring equipment for the development to the economic zone.