Islamabad: The business community has urged the government to expedite work on the ground-breaking of a special economic zone (SEZ) in Islamabad– a news source reported.
Islamabad Chamber of Commerce and Industry (ICCI) President Ahmed Hassan Moughal said that SEZs will boost industrial and investment activities in the region.
He said that three SEZs: Rashakai in Khyber Pakhtunkhwa, Dhabeji in Sindh, and M-3, will be ready for ground-breaking by June. However, the ground-breaking in Islamabad may face delays as the government has yet to acquire land for this phase of the project.
The ICCI president demanded the government to follow the set timeline. He said that China had offered to establish over 100 SEZs in Pakistan. These economic zones will be set up under the China-Pakistan Economic Corridor (CPEC) project. So far, nine SEZs have been approved.
Moreover, the chamber called for abolishing duty on imported industrial machinery in the upcoming mini-budget.