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NOWSHERA, (MANEND NEWS): Prime Minister Imran Khan says the
government is taking all out steps to incentivize investors for
promotion of industrialization and exports in the country.
He was addressing the ceremony of commercial launch of Rashakai
prioritized Special Economic Zone near Nowshera on Friday. The Prime
Minister said hurdles are being removed to facilitate the local and
foreign investors to invest in Pakistan.
He emphasized on establishing export-based industry in the country
for wealth creation. He said the future of Pakistan lies in
industrialization.
PM Imran Khan said Rashakai Special Economic Zone is being
established under CPEC. He said Pakistan has a great potential and it
can learn a lot from the fast industrial growth of China.
He directed the KP Government to give land at the zone on lease
instead of selling it to avoid real estate speculations. He also advised
for ensuring one window operation to facilitate the investors.
The Prime Minister the government’s prudent economic policies have
started yielding positive results, and the four percent growth has
surprised everyone. He said large scale manufacturing is showing
growth.
He said the PTI government had to pass through a difficult time for
one and a half years; however now the difficult time is over. He said
the government is taking steps to ensure the economic stability
sustainable.
He said the government’s successful policy to deal with Covid-19 has
helped save lives as well as livelihood.
Earlier addressing the ceremony, Chinese Ambassador Nong Rong
congratulated the Prime Minister, the government and the people of
Pakistan on commercial launch of Rashakai Special Economic Zone.
He said the project will give impetus to industrial development in
Pakistan. He said it also help enhance economic cooperation between
Pakistan and China.
The Ambassador said the Rashakai Special Economic Zone will not only
accelerate economic progress but also create jobs for the youth in
Pakistan.
Rashakai prioritized Special Economic Zone is part of China-Pakistan
Economic Corridor cluster.
It is a flagship project of KP Government and KP Economic Zone
Development and Management Company.
Rashakai Special Economic Zone spreads over about one thousand
acres of land, which is linked with CPEC route on M-I Motorway and
other districts of the province that makes the project strategically
significant.
The construction of the zone is being carried out with the collaboration
of China’s state enterprise China Road and Bridge Corporation and KP
Economic Zone Development and Management Company.
Different industries, including pharmaceutical, textile, food and
beverages and steel and engineering will be established at Rashakai
Special Economic Zone.
The project will provide employment opportunities to about two
hundred thousand people of the area directly and indirectly.