ISLAMABAD, Pakistan: The National Assembly was informed on Thursday that nine sites had been identified for Special Economic Zones (SEZs) under China Pakistan Economic Corridor (CPEC) project.
Responding to a question during question hour in the House, the Parliamentary Secretary for Planning, Development and Reform Dr. Ibadullah said those sites included Rashakai Economic Zone, M-1 Noshera, Bostan Industrial Zone District Pishin, China Special Economic Zone, Dhabeji, district Thatta, Allama Iqbal Industrial City (M3), Faisalabad, Moqpondass ZEZ, Gilgit, ICT Model Industrial Zone, Islamabad, Development of Industrial Park on Pakistan Steel Mills Land at port Qasim near Karachi, SEZ at Mirpur AJK, Mohmand Marble City.
The Parliamentary Secretary said SEZs would be established in all the four provinces, federal areas and Gilgit-Baltistan under the CPEC project. He said those SEZs would be open to all investors, both for Pakistani and foreign investment.
Dr. Ibadullah said Special Economic Zones under CPEC were open for all the international and domestic investors. He said the government was focusing on joint venture to establish industry in the Country under CPEC.
Dr. Ibadullah said under the early harvest phase of CPEC, the government had focused on development of energy and modern transport infrastructure sectors. He said energy and infrastructure projects were about to complete while new era of trade and industrialization in Pakistan would open in the Country after these special economic zones.
The Secretary said National Finance Commission (NFC) award was distributed according to set criteria and any increase in income generated by CPEC projects would come to into Federal Consolidated Fund (FCF) for further distribution between federation and provinces.
The Parliamentary Secretary said the impact of income generated by CPEC projects would have positive impact on the income of provinces through NFC award.