KP-SEZA recommends two projects for status of special economic zones.

PESHAWAR -- The Khyber Pakhtunkhwa government on Monday approved proposals for recommending two important projects to the federal Board of Investment (BoI) for the status of Special Economic Zones (SEZs).

The two projects were Daraban Economic Zone and Fatima Cement Limited in D.I. Khan district. After getting approval from the BoI, these industrial setups will be granted the status of SEZs. The approval is aimed to boost industrial activities in the province on a sustainable basis.

The proposals were approved in the 8th Board meeting of Khyber Pakhtunkhwa Special Economic Zone Authority (KP-SEZA) held here 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, administrative secretaries, Chief Executive Officers (CEOs) KP-SEZA, KP-EZDMC and 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 SEZ.

According to details, the multi-purpose Daraban Special Economic Zone, will initially be setup on 1,000 acres of land with a capacity to be expanded to 3,000 acres of land later on. Daraban Special Economic Zone will be established with an estimated cost of Rs 7.8 billion which would create 40,000 direct and 120,000 indirect employment opportunities.

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 would be the first private sector SEZ of the province.

The Fatima Cement Limited will be setup with an estimated cost of Rs 51.9 billion having the capacity to generate about 500 direct and about 4,000 indirect employment opportunities, the details revealed.

The meeting reviewed in detail the implementation status of the decisions taken in the last meeting of the board. The forum was informed that feasibility study had been completed for the establishment of Centre of Excellence in Mohmand Marble City, and submitted to the BoI for further submission to the Joint Working Group for inclusion in the CPEC portfolio. It also said that progress was being made on the acquisition of additional 140 acre of land for...

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