The Federal government has decided to declare Sialkot Export Processing Zone (SEPZ) as model of the country and its formal announcement is expected shortly.
The Export Processing Zones Authority sources told Business Recorder here on Sunday that the step was being taken because Sialkot was the only export-oriented city of the country where development of local cottage industries had assumed model status for other industrial towns of the country.
Keeping in view the unique export culture of that export-oriented city, the government has decided to declare SEPZ as model zone of the country for accelerating the pace of export and productivity in the area.
Sources further disclosed the SEPZ had been developed over 238 acres piece of land where 881 plots of different categories had been developed and allotted to the applicants. Besides, basic facilities like telecommunication, roads, water, sewerage, gas and electricity had been provided.
As many as 280 different industrial projects had been approved by the Export Processing Zone Authority for Sialkot Export Processing Zone.
Sialkot Export Zone would be a successful project of the country because Sialkot International Airport and Dry Port were located on the same track as well as conversion of Sialkot-Wazirabad road into dual carriageway would also play an instrumental role in accelerating the export activities.
The EPZA was making strenuous efforts for motivating the foreign and overseas Pakistani investors to invest in the Sialkot Export Processing Zone.
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