{"id":91408,"date":"2023-01-12T17:07:33","date_gmt":"2023-01-12T12:07:33","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=91408"},"modified":"2023-01-12T17:07:50","modified_gmt":"2023-01-12T12:07:50","slug":"setting-up-sezs-economic-development","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/setting-up-sezs-economic-development.html","title":{"rendered":"&#8216;Setting up SEZs crucial for country&#8217;s economic development&#8217;"},"content":{"rendered":"\n<p>Lahore: Special Economic Zones Authority (SEZA) Chairman S M Naveed stated that nine Special Economic Zones (SEZs) are being established under China-Pakistan-Economic-Corridor (CPEC) and will have a crucial role to play in economic development, according to a news published on January 12.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/one-stop-service-industrial-units-sezs.html\" target=\"_blank\" rel=\"noreferrer noopener\">Govt to introduce \u2018one-stop service\u2019 for developing industrial infrastructure in SEZs<\/a><\/p>\n\n\n\n<p>SEZA Chairman Naveed held a meeting, in which he highlighted that the <a href=\"https:\/\/www.zameen.com\/news\/president-international-firms-invest-sezs.html\" target=\"_blank\" rel=\"noreferrer noopener\">SEZs<\/a>, being developed under CPEC, will promote joint ventures from China, Pakistan, and other countries and will enhance industrial production. Since the federal government has a lot of incentives to offer for the industries set up in the zones, it will help to uplift the export sector of Pakistan. It was mentioned that several investors are interested in investing in the zones.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/update-on-cpec-economic-zones.html\" target=\"_blank\" rel=\"noreferrer noopener\">CPEC Projects: SEZA Chairman shares update on economic zones<\/a><\/p>\n\n\n\n<p>In a meeting, the chairman disclosed that Pakistan has been facing a trade deficit during the last few decades and it has only grown in the last decade, mainly because of reliance on imported goods. According to the statistics shared by the State Bank of Pakistan (SBP), the exports were at USD 22,536 million during the Fiscal Year 2021 (FY-2021) while imports were at USD 43,645 million. This marks a sharp trade deficit due to the lack of export-oriented goods produced by the country.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: Special Economic Zones Authority (SEZA) Chairman S M Naveed stated that nine Special Economic Zones (SEZs) are being established under China-Pakistan-Economic-Corridor (CPEC) and will have a crucial role to play in economic development, according to a news published on January 12. Read: Govt to introduce \u2018one-stop service\u2019 for developing industrial infrastructure in SEZs SEZA Chairman Naveed held a meeting, in which he highlighted that the SEZs, being developed under CPEC, will promote joint ventures from China, Pakistan, and other countries and will enhance industrial production. Since the federal government has a lot of incentives to offer for the industries set up in the zones, it will help to uplift the export sector of Pakistan. It was mentioned that several investors are interested in investing in the zones. Read: CPEC Projects: SEZA Chairman shares update on economic zones In a meeting, the chairman disclosed that Pakistan has been facing a trade deficit during the last few decades and it has only grown in the last decade, mainly because of reliance on imported goods. According to the statistics shared by the State Bank of Pakistan (SBP), the exports were at USD 22,536 million during the Fiscal Year 2021 (FY-2021) while imports&hellip;<\/p>\n","protected":false},"author":83,"featured_media":60309,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15020],"tags":[55889],"persona":[],"class_list":{"0":"post-91408","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-social-developments","8":"tag-setting-up-sezs-crucial-for-countrys-economic-development","9":"cat-15020-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>&#039;Setting up SEZs crucial for economic development&#039;- Zameen News<\/title>\n<meta name=\"description\" content=\"SEZA Chairman S M Naveed stated that nine SEZs being established will have a crucial role to play in economic development of the country...\" \/>\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\/setting-up-sezs-economic-development.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&#039;Setting up SEZs crucial for economic development&#039;- Zameen News\" \/>\n<meta property=\"og:description\" content=\"SEZA Chairman S M Naveed stated that nine SEZs being established will have a crucial role to play in economic development of the country...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/setting-up-sezs-economic-development.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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