Azher Ali Chaudhry, Secretary, Board of Investment on Wednesday said that the BOI will share details of Special Economic Zones (SEZs) with Asian Development Bank for its comprehensive analysis which can serve as a study for BOI to market and match a location to the investor. He was talking to a four-member delegation led by Wajid Rana, Senior Advisor on Technical Assistant from Asian Development Bank (ADB) at Board of Investment (BOI), Islamabad.
The Secretary welcomed the guests. The objective of this meeting was "Scoping of Economic Corridor Development in Pakistan." The meeting started with an introduction of China Pakistan Economic Corridor (CPEC), Pakistan Economic Corridors Programme (PECP) and Central Asia Regional Economic Co-operation (CAREC) as the economic corridors mainly impacting the economy of Pakistan.
Farzana Noshab, Senior Economics Officer while giving a detailed presentation said, "ADB is conducting a study on the potential economic development along the corridor for which the ADB would select node cities." "The study by ADB shall cover the area/city/location and match it with its economic potential ie market niche so that investment and economic activity is generated on the potential. The main idea is to have evidence-based mapping of this potential," she said. Azher Ali Chaudhry, Secretary, BOI said, "BOI along with provincial government has identified 9 prioritised special economic zones (SEZs) along with CPEC. Data regarding status of land acquisition, potential sector for investment and facilities being provided will be shared with ADB for their studies in all SEZs is available with BOI."
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