Pak Board of Investment identifies 41 sites for CPEC economic zones

Pakistan's Board of Investment (PBOI) has identified 41 sites for establishing special economic zones (SEZs) to give a boost to the multi-billion dollar China-Pakistan Economic Corridor (CPEC) projects.

According to the Dawn, the Board of Investment (BOI) gave this information to the National Assembly's Standing Committee on Planning, Development and Reform on Tuesday.

The committee was informed that the 41 sites had been selected after consultations with the provincial, Azad Jammu and Kashmir and Gilgit-Baltistan governments and the Federally Administered Tribal Areas secretariat.

The emphasis of the meeting was to look for ways to give a fillip to export-oriented businesses and to reap the full benefits of the CPEC.

The committee was informed that seven SEZs had been notified by the BOI so far.

The committee was informed that the BOI has devised a comprehensive plan for development and management of an industrial park under the CPEC incentives for both local and foreigner investors in the SEZs.