Sindh Govt to invite bids for Dhabeji SEZJuly 27, 2019
The Sindh government is all set to invite developers to participate in competitive bidding for the Dhabeji Special Economic Zone (SEZ).
The CEO of Sindh Economic Zones Management Company (SEZMC) Abdul Azeem Uqaili has said that Sindh government has completed all the homework for inviting private investors to work on one of the three SEZs of the country, which will be operational in the near future.
In 2012, the federal government passed the Special Economic Zones Act according to which nine SEZs had to be built across Pakistan.
The government had incentivised these SEZs by giving income tax holidays for ten years to the companies which set up units in the area. Moreover, it had also allowed dutyfree import of machinery for installation in plants of the companies established in the SEZs.
In 2018, the Joint Coordination Committee (JCC) of ChinaPakistan Economic Corridor (CPEC) decided to work initially on three SEZs.
The three SEZs, which were decided to be developed initially in the 7th JCC meeting, were Rashakai SEZ in KhyberPakhtunkhwa, Dhabeji SEZ in Sindh and Allama Iqbal Industrial City in Faisalabad.
The CEO of (SEZMC) said that Dhabeji SEZ covers an area of fifteen thousand acres with easy access to Port Qasim, facilitating import of raw material and export of finished goods without raising cost of inland transportation and also saving time.
He said that it also has easy access to Karachi airport, which is at a distance of thirty five km via National Highway, enabling safe travel for foreign workers and the management.
He added that SEZ also has direct access to the National Highway, which enables transportation of goods upcountry and to Central Asian nations through the national trade corridor.
Abdul Azeem Uqaili further said that Pakistan needs such projects because these will help create jobs, which will eventually alleviate poverty and steer social development in the country.
Source: Radio Pakistan