{"id":81568,"date":"2020-02-13T12:18:46","date_gmt":"2020-02-13T12:18:46","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=81568"},"modified":"2021-08-06T07:14:43","modified_gmt":"2021-08-06T07:14:43","slug":"rashakai-special-economic-zone-latest-updates","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/blog\/rashakai-special-economic-zone-latest-updates.html","title":{"rendered":"Get to Know Everything about Rashakai Special Economic Zone (RSEZ)"},"content":{"rendered":"\n

In This Post:<\/strong>
About RSEZ
<\/a>Objectives of RSEZ
<\/a>Location of RSEZ
<\/a>Features of RSEZ
<\/a>Latest Updates on RSEZ<\/a><\/p>\n\n\n\n

Update (Aug 06, 2021):<\/em><\/strong> In a recent development, a Chinese company, Century Steel (Pvt.) Ltd. has expressed its interest to invest $360 million in the infrastructure development of the Rashakai Special Economic Zone in Pakistan.<\/em><\/p>\n\n\n\n

According to the CPEC Project Director Dr. Liaquat Ali Shah, work on the utility infrastructure including electricity,  water, gas, and other facilities for this special economic zone project is in progress, which is expected to be completed by the end of this year.<\/em><\/p>\n\n\n\n

The China-Pakistan Economic Corridor is based on a massive infrastructure framework to ensure regional connectivity. Along with China and Pakistan, CPEC projects will also benefit countries like Iran, Afghanistan, and India among other regional territories, Dr. Liaquat Ali Shah further stated.<\/em><\/p>\n\n\n\n

On a side note, if you want to learn more about Rashakai Special Economic Zone, continue reading this post.<\/em><\/p>\n\n\n\n

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Update (9th March 2020): <\/em><\/strong>The Prime Minister of Pakistan, Imran Khan, formally approved the Rashakai Economic Zone on 4th March 2020. To know the full details of the approval, scroll down to the latest updates section or click the Latest Updates on RSEZ link given above. <\/em><\/p>\n\n\n\n

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Just like the Special Economic Zone (SEZ) at Dhabeji<\/a>, Rashakai Economic Zone (REZ) is all set to create another example of friendly ties between Pakistan and China<\/a>. The project, which falls under China\u2013Pakistan Economic Corridor (CPEC), aims to boost economic activities and create employment opportunities while setting up world-class industrial infrastructure in Khyber Pakhtunkhwa (KPK). <\/p>\n\n\n\n

In this blog, we are going to learn about all the latest updates on REZ in detail, discuss its benefits along with its location in Khyber Pakhtunkhwa. <\/p>\n\n\n\n

Let\u2019s begin! <\/p>\n\n\n\n

About Rashakai Economic Zone<\/h2>\n\n\n\n
\"Rashakai
Raahakai Economic Zone is yet another great example of Pak-China friendly ties <\/figcaption><\/figure><\/div>\n\n\n\n

Spanning an area of 1000 acres, Rashakai Economic Zone is one out of 33 special economic zones in Pakistan. Situated in a small town in KPK, REZ is named after the town it’s located in Rashakai. REZ, just like other CPEC projects, is an example of cooperation, urbanisation, and industrialisation between Pakistan and China. The Rashakai economic zone map has been planned out very strategically.<\/p>\n\n\n\n

Often referred to as Rashakai Special Economic Zone (RSEZ), the project functions under the flagship of Khyber Pakhtunkhwa Economic Zone Development and Management Company (KPEZDMC) and regulations are overseen by a designated department of the federal government. <\/p>\n\n\n\n

As per Federal SEZA Regulations, around 702 acres from a total of 1000 acres, will be used for industrialisation and it will be carried out in three phases:<\/p>\n\n\n\n