KP Govt To Recommend Two Projects To FBI For SEZ Status.

Peshawar -- The Khyber Pakhtunkhwa government, to boost industrial activities in the province on sustainable grounds, has accorded approval to the proposals of two important projects to be recommended to the Federal Board of Investment (FBI) for the status of Special Economic Zones (SEZs) which include the proposed Daraban Economic Zone and Fatima Cement Limited in Dera Ismail Khan district.

After the approval of FBI, these industrial setups would be given the status of SEZs. The approval was accorded in the 8th Board meeting of Khyber Pakhtunkhwa Special Economic Zone Authority (KPSEZA) held here on Monday with Chief Minister Khyber Pakhtunkhwa Mahmood Khan in the chair.

Special Assistant to CM for Industries Abdul Karim, Additional Chief Secretary Shahab Ali Shah, Principal Secretary to CM Amjad Ali Khan, concerned administrative secretaries, CEO KPSEZA, CEO KPEZDMC, other members of the board attended the meeting. After detailed deliberations, the board, under the relevant provisions of Special Economic Zone (SEZ) Act 2012, approved the proposals of the aforesaid projects to be recommended for the status of Special Economic Zones.

The multi-purpose Daraban Special Economic Zone will initially be setup on 1000 acres of land with a capacity to be expanded to 3000 acres of land later on. Daraban Special Economic Zone will be established with an estimated cost of Rs7.8 billion which would create 40,000 direct and 120,000 indirect employment opportunities.

Mainly, the Special Economic Zone will have mineral and food-based industries. The meeting also approved the recommendation of Fatima Cement Limited to be declared as Sole Enterprise Special Economic Zone which will be the first private sector SEZ of the province. The Fatima Cement Limited would be setup with an estimated Cost of Rs51.9 billion having the capacity to generate about 500 direct and about 4000 indirect employment opportunities.

The meeting reviewed in detail implementation status of the decisions taken in the last meeting of the board. The forum was informed that feasibility study has been completed for the establishment of Centre of Excellence in Mohmand Marble City, and submitted to the Federal Board of Investment for further submission to Joint Working Group for inclusion in CPEC portfolio, adding that progress is being made on the acquisition of additional...