ISLAMABAD -- Prime Minister Imran Khan on Wednesday said all the initiatives for setting up Special Economic Zones (SEZs) would be spearheaded by the federal government while taking the provinces fully on board.
Chairing a meeting to review progress on the establishment of SEZs across the country, the prime minister directed to ensure that no effort was spared to ensure their colonization on war footing.
He also directed for addressing concerns relating to land availability, and creation of jobs and wealth to help turn the wheels of economy.
'We should remain competitive by providing incentives for transfer of technology and relocation of industries from China on the lines of the incentives being provided by other regional countries,' he stressed.
The prime minister said the present government had brought about significant improvement in the ease of doing business in the country. There was need to devise an effective awareness strategy to inform the people about the on-ground progress and emerging socio-economic opportunities to be available after the SEZs' operationalization enabling them to reap the benefits to the fullest, he added.
The meeting was briefed on the provision of utilities, revision in the existing legislative framework for incentivization, facilitation of foreign and local investors and effective coordination between the Centre and the federating units for smooth and effective implementation strategy.
It was informed that funds to the tune of Rs 2.8 billion would be provided for provision of electricity to Bin Qasim, Dhabeji, Rashakai and Hattar SEZs during the financial year 2019-20 while four PC-I had already been submitted for facilitation in provision...