PESHAWAR: A number of new economic zones were being established to put the industrial sector on the track to sustainable development and to accelerate industrial activities in the province, a.
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National
December 27, 2020
PESHAWAR: Naturally situated at most strategic location with major international markets of Central Asia, Afghanistan, China and SAARC in its close proximity, Pakistan is going to emerge a key hub of investment and trade business in the wake of China Pakistan Economic Corridor projects including multi-faceted Rashakai Special Economic Zone (RSEZ), which is all set for groundbreaking.
The country’s key strategic location having landlocked Afghanistan in west and onward Central Asians Republics (CARs), Iran in south-west with Middle East countries beyond, SAARC in south-east and China in north-east, India in east and a large active seaport of Karachi in south, have made Pakistan most attractive and favourable for domestic and international investors to earn maximum returns on their investment in projects under CPEC.
Nowshera Economic Zone inaugurated
PESHAWAR:
Chief Minister Mahmood Khan on Wednesday broke ground for the Nowshera Economic Zone (Extension) Project and distributed allotment letters to investors who will set up industrial units.
The 76 acres Nowshera Economic Zone (NEZ) can accommodate over 60 industrial units and is expected to create over 12,000 jobs directly and indirectly.
The government hopes to raise Rs1.6 billion through initial investment in the zone.
Addressing investors at the groundbreaking ceremony, Mahmood termed the zone another milestone for the rapid industrial growth of the province and in creating jobs for the people.
“The extension of the Nowshera Economic Zone will play a vital role in bringing a new era of industrial development in the province,” he said.