PM directs for provision of utilities to Special Economic Zones

September 18, 2019 (MLN): Prime Minister Imran Khan has directed to fast-track provision of utilities to Special Economic Zones for facilitation of potential investors in investments and establishment of industries.

He was chairing a high-level meeting in Islamabad on Tuesday to review progress on incentives being offered for attracting investments in the industrial sector and relocating units to Pakistan.

The Prime Minister said basic utilities like electricity, gas and road access should be provided to SEZs on priority basis.

He directed Finance, Planning and Commerce Divisions and the Board of Investment to peruse successful investment models of regional countries so as to offer best facilities and incentives to the investors.

Imran Khan underlined that Pakistan is now on the right track of economic growth and in order to attract investments, the Government will provide incentives to potential investors along with ease of doing business.

The meeting was briefed that SEZs in Pakistan have great potential for attracting investments particularly the Chinese companies.

It was also apprised that China has evinced keen interest in various Pakistani products which will improve trade balance between the two countries.

The meeting was informed that CPEC remains the top-most priority of the Government and infrastructure development, energy and communication sectors have been earmarked for attracting investments.

It was apprised that Chinese and Russian companies have shown interest in the revival of Pakistan Steel Mills and their offers are being evaluated.