Thread by @investinpak

(1/10) #Thread

Pakistan & China to sign Development Agreement of the First CPEC SEZ on Monday at the Prime Minister House, Islamabad.
The event would be attended by the Federal Ministers, Officials from line ministries and KP Govt and other stakeholders.

@PakPMO

(2/10) Minister of State/ Chairman Board of Investment (BOI), @AtifRBokhari, said that signing of the Development Agreement #DA of #Rashakai #SEZ under CPEC would realize the vision of special economic zones’ development, ultimately leading to a prosperous & industrial Pakistan.

(3/10) Chairman BOI @AtifRBokhari highlighted the progress on SEZs under CPEC: sufficient headway has been made & the zones are now becoming ready for business. Pakistan’s proximity with China will allow these SEZs to foster economic interdependence for mutual economic advantage.

(4/10) The SEZ Act 2012 of Pakistan 🇵🇰, under Section-13 binds together the Federation (BOI), the Province & the SEZ Developer through an agreement for the successful establishment and development of an SEZ, aptly termed as the #Development #Agreement.

(5/10) The SEZ #Development #Agreement provides the road map for establishment of an SEZ while holding the Federal and provincial government and the developer jointly responsible for the development and successful operations of an SEZ.

#RashakaiDevelopmentAgreement

(6/10) The Rashakai SEZ is to be developed under Public Private Partnership #PPP mode, by KPEZDMC @kpezdmc in collaboration with China Road & Bridge Corporation #CRBC. An SPV Company of these 2 firms named Rashakai SEZ Development & Operations Company #RSEZDOC has been created.

(7/10) The Rashakai SEZ is a project of USD 128 Million, spanning over 1,000 acres of land. It was awarded SEZ status on August 6, 2019 and its Concession Agreement was signed in April 2019.

#RashakaiDevelopmentAgreement
#IndustrialCooperationUnderCPEC

(8/10) The Board of Investment (BOI) @investinpak promoted establishment of #Rashakai SEZ with the goals of capitalizing on investment inflow under CPEC, inclusive economic development of KP, creation of job opportunities, industrial development & export generation in Pakistan 🇵🇰

(9/10) #Rashakai SEZ holds a unique competitive advantage due to its proximity to the first juncture of CPEC route, significant resource and manufacturing base in the region. It has the potential to become one of the primary investment destinations for foreign investors.

@PakPMO

(10/10) BOI @investinpak has successfully expedited the process of provision of utilities, facilitated allocation of fiscal incentives & concession to co-developer. The @pid_gov has committed 1.8 bn PKR for 210 MWs of electricity & 1.2 bn PKR for 30 mmcfd gas from Federal PSDP.