{"id":65950,"date":"2020-05-28T17:29:14","date_gmt":"2020-05-28T12:29:14","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=65950"},"modified":"2020-05-28T17:29:16","modified_gmt":"2020-05-28T12:29:16","slug":"govt-focused-sezs-fdi-industrialisation","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-focused-sezs-fdi-industrialisation.html","title":{"rendered":"Govt focused on SEZs for FDI, industrialisation"},"content":{"rendered":"\n<p>Islamabad: The Advisor to the Prime Minister on Commerce and Investment Abdul Razak Dawood speaking to the media on Wednesday said the government is focused on enhancing the role of special economic zones in the economy to boost both foreign direct investment (FDI) and the transfer of technology to the country \u2013 a news source reported.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/govt-facilitate-local-intl-investors-interested-faisalabads-sez-boi-chief.html\" target=\"_blank\" rel=\"noreferrer noopener\">Govt keen to facilitate local, int\u2019l investors interested in Faisalabad\u2019s SEZ: BoI chief<\/a><\/p>\n\n\n\n<p>He added that the SEZs comprise mainly of industries that will boost exports, help replace Pakistan\u2019s imports and generate employment \u2013 all of which are the targets of the incumbent government. He said that these zones will be critical for resolving Pakistan\u2019s balance of payment issues.<\/p>\n\n\n\n<p>Explaining the criteria for designation as SEZ, he said that only such zones are assigned the status which boost exports and replace imports.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/cdwp-approves-uet-peshawars-jalozai-campus-hub-sez-5-other-projects.html\" target=\"_blank\" rel=\"noreferrer noopener\">CDWP approves UET Peshawar\u2019s Jalozai Campus, Hub SEZ, 5 other projects<\/a><\/p>\n\n\n\n<p>He further said that Board of Investment (BOI) is drafting amendments in SEZ Act 2012 to bring the law in line with the government\u2019s targets and produce a favourable environment for their development. These changes, according to Dawood, will be aimed increasing the pace of development and addressing the lack of utilities in SEZs. Additionally, it will also aim to simplify approval processes, cumbersome procedures and provide clarity on policy objectives.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Advisor to the Prime Minister on Commerce and Investment Abdul Razak Dawood speaking to the media on Wednesday said the government is focused on enhancing the role of special economic zones in the economy to boost both foreign direct investment (FDI) and the transfer of technology to the country \u2013 a news source reported. Read: Govt keen to facilitate local, int\u2019l investors interested in Faisalabad\u2019s SEZ: BoI chief He added that the SEZs comprise mainly of industries that will boost exports, help replace Pakistan\u2019s imports and generate employment \u2013 all of which are the targets of the incumbent government. He said that these zones will be critical for resolving Pakistan\u2019s balance of payment issues. Explaining the criteria for designation as SEZ, he said that only such zones are assigned the status which boost exports and replace imports. Read: CDWP approves UET Peshawar\u2019s Jalozai Campus, Hub SEZ, 5 other projects He further said that Board of Investment (BOI) is drafting amendments in SEZ Act 2012 to bring the law in line with the government\u2019s targets and produce a favourable environment for their development. These changes, according to Dawood, will be aimed increasing the pace of development and addressing the&hellip;<\/p>\n","protected":false},"author":57,"featured_media":62317,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[30256],"persona":[],"class_list":{"0":"post-65950","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-govt-focused-on-sezs-for-fdi","9":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt focused on SEZs for FDI, industrialisation - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Advisor to the Prime Minister on Commerce and Investment Abdul Razak Dawood speaking to the media on Wednesday said the government is focused on enhancing the role of special economic zones in the economy to boost both foreign direct investment (FDI) and the transfer of technology to the country \u2013 a news source reported.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-focused-sezs-fdi-industrialisation.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt focused on SEZs for FDI, industrialisation - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Advisor to the Prime Minister on Commerce and Investment Abdul Razak Dawood speaking to the media on Wednesday said the government is focused on enhancing the role of special economic zones in the economy to boost both foreign direct investment (FDI) and the transfer of technology to the country \u2013 a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-focused-sezs-fdi-industrialisation.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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