The investors will enjoy 5-10 years tax holiday on income tax for investing in Dhabeji Special Economic Zone (DSEZ) in Sindh. Duty free imports of plant and machinery would also be allowed for the investment in Dhabeji SEZ, a presentation of Sindh Economic Zones Management Company (SEZMC) showed.
The presentation was given to China-Pakistan Economic Corridor Authority (CPECA) Chairman Lt- Gen Asim Bajwa (retd) about Dhabeji SEZ when he visited Karachi.
A copy of presentation available with Business Recorder showed that concession term for the project is 20 years whereas lease term spans for fifty years.
The project development time is five years. The financial bid opening of the project is scheduled for 14th May 2020 and signing of public private partnership (PPP) agreement is stated for 25th June 2020.
PC-1 was approved by the Planning Commission of Pakistan on 9th Dec, 2019 and administration's approval was issued on 3rd Jan, 2020 for release of funds. Rupees 800 million allocated for current year. NTDC, Ministry of Power will initiate the project execution in coordination with KE.
PC-1 of Rs 465 million to provide 13.5 MMCFD gas at doorstep of DSEZ has been approved by DDWP under Petroleum Division of Pakistan on 19th Feb, 2020. SSGC, Ministry of Petroleum will initiate the execution during the current financial year.
DSEZ is a priority project in CPEC, which would be developed on 1530 acres of land in Thatta. The government would facilitate international investors to invest in DSEZ by providing state of art infrastructure and uninterrupted utilities at doorsteps.
Various strategic industry clusters have been identified for DSEZ, which include steel, building materials, petrochemical, automotive & allied, light engineering, textile & garments, FMCGs logistics and warehousing. The concept master plan provides information to access to road, infrastructure, allied facilities requirements, heavy industries, medium industries and light industries. Construction in DSEZ would be carried out in two phases. 750 acres in phase-I and 780 acres in phase-II would be developed.
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