CPEC Special Economic Zones (SEZs)
CPEC special economic zones (SEZ). This is an area in which business and trade laws are different from the rest of the country. SEZs are located within a country’s national borders, and their aims include increased trade, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically regard investing, taxation, trading, quotas, customs and labor regulations. Additionally, companies may be offered tax holidays, where upon establishing in a zone they are granted a period of lower taxation.
The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment (FDI). The benefits a company gains by being in a special economic zone may mean that it can produce and trade goods at a lower price, aimed at being globally competitive. In some countries, the zones have been criticized for being little more than labor camps, with workers denied fundamental labor rights.
China Finance Based Projects
Name | Province | Area | Type of Industry | Remarks | Progress |
---|---|---|---|---|---|
Rashakai Economic Zone, M-1, Nowshera | Khyber Pakhtunkhwa | 1000 (Acres) | • Fruit • Food • Packaging • Textile • Stiching/Knitting | Land acquired
Connectivity | Feasibility studies of SEZs is shared with Chinese side. |
China Special Economic Zone Dhabeji | Sindh | 1000 (Acres) | To be determined during feasibility stage | Land earmarked
Connectivity | Feasibility studies of SEZs is shared with Chinese side |
Bostan Industrial Zone | Balochistan | 1000 (Acres) | • Fruit Processing • Agriculture machinery • Pharmaceutical • Motor Bikes Assembly • Chromites • Cooking Oil • Ceramic industries • Ice and Cold storage • Electric Appliance • Halal Food Industry | 200 Acres have been developed
Connectivity | Feasibility studies of SEZs is shared with Chinese side |
Allama Iqbal Industrial City (M3), Faisalabad | Faisalabad | 3,000 (Acres) Approx | • Textile • Steel • Pharmaceuticals • Engineering • Chemicals • Food Processing • Plastics • Agriculture Implements Etc | • Adjacent to existing SEZ of M-3 Industrial City, Faisalabad. • Sahianwala Interchange Motorway M-3 | Feasibility studies of SEZs is shared with Chinese side. |
ICT Model Industrial Zone, Islamabad | Islamabad | 200-500 (Acres) | • Steel • Food Processing harmaceutical & Chemicals • Printing and Packaging • Light Engg. Etc. | • Identification of land under process | Feasibility studies of SEZs is shared with Chinese side. |
Development of Industrial Park on Pakistan Steel Mills Land at Port Qasim near Karachi | Port Qasim Near Karachi | 1500 (Acres) | • Steel • Auto & allied • Pharma • Chemical • Printing and Packaging • Garments etc. | • Land has been earmarked. PSM will transfer the land to NIP | Feasibility studies of SEZs is shared with Chinese side. |
Special Economic Zone at Mirpur, AJK | Mirpur | 1078 | Mix industry | Connectivity • 22 Km from Main GT Road Dina-Jhelum- 130 Km from air port • 02 Km from In-active Railway Track • 5 Km from proposed Dry Port at Mirpur • 140 Km from Sialkot. | Feasibility studies of SEZs is shared with Chinese side. |
Mohmand Marble City | FATA | – | – | Land acquired
Connectivity | Feasibility studies of SEZs is shared with Chinese side. |
Moqpondass SEZ Gilgit-Baltistan | Gilgit-Baltistan | 250 (Acres) | • Marble / Granite • Iron Ore Processing • Fruit Processing • Steel Industry • Mineral Processing Unit • Leather Industry | Land alloted
Connectivity | Feasibility studies of SEZs is shared with Chinese side. |
These are rough locations of SEZs (Special Economic Zones) in Pakistan, under CPEC.
