AGL 40.40 Increased By ▲ 0.20 (0.5%)
AIRLINK 129.25 Increased By ▲ 0.14 (0.11%)
BOP 6.81 Increased By ▲ 0.21 (3.18%)
CNERGY 4.13 Increased By ▲ 0.10 (2.48%)
DCL 8.73 Increased By ▲ 0.28 (3.31%)
DFML 41.40 Increased By ▲ 0.15 (0.36%)
DGKC 87.75 Increased By ▲ 0.75 (0.86%)
FCCL 33.85 Increased By ▲ 0.50 (1.5%)
FFBL 66.40 Increased By ▲ 0.50 (0.76%)
FFL 10.69 Increased By ▲ 0.15 (1.42%)
HUBC 113.51 Increased By ▲ 2.81 (2.54%)
HUMNL 15.65 Increased By ▲ 0.42 (2.76%)
KEL 4.87 Increased By ▲ 0.09 (1.88%)
KOSM 7.62 Decreased By ▼ -0.21 (-2.68%)
MLCF 43.10 Increased By ▲ 1.20 (2.86%)
NBP 61.50 Increased By ▲ 1.00 (1.65%)
OGDC 192.20 Increased By ▲ 9.40 (5.14%)
PAEL 27.05 Increased By ▲ 1.69 (6.66%)
PIBTL 7.26 Increased By ▲ 1.00 (15.97%)
PPL 150.50 Increased By ▲ 2.69 (1.82%)
PRL 24.96 Increased By ▲ 0.40 (1.63%)
PTC 16.25 Increased By ▲ 0.01 (0.06%)
SEARL 71.30 Increased By ▲ 0.80 (1.13%)
TELE 7.25 Decreased By ▼ -0.05 (-0.68%)
TOMCL 36.29 Decreased By ▼ -0.01 (-0.03%)
TPLP 8.05 Increased By ▲ 0.20 (2.55%)
TREET 16.30 Increased By ▲ 1.00 (6.54%)
TRG 51.56 Decreased By ▼ -0.14 (-0.27%)
UNITY 27.35 No Change ▼ 0.00 (0%)
WTL 1.27 Increased By ▲ 0.04 (3.25%)
BR100 9,967 Increased By 125.2 (1.27%)
BR30 30,751 Increased By 714.7 (2.38%)
KSE100 93,292 Increased By 771.2 (0.83%)
KSE30 29,017 Increased By 230.5 (0.8%)

Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) has said that land for the establishment of Special Economic Zones (SEZs) D.I.Khan, Nowshera, Chitral, Bannu and Buner has been acquired and commercial launching of these zones will be completed by the current financial year. Similarly, 257 acre Jalozai Special Economic Zone is all also set to be launched in next few weeks. The land acquisition has been completed by paying Rs 500 million to landowners. Preparation for ground breaking ceremony is underway.
The Jalozai Special Economic Zone is located in close vicinity to Peshawar, Islamabad and Nowshera; is especially designed for SMEs and will attract Rs 200bn investment from private sector and provide 200,000 direct and indirect job opportunities. Similarly, KPEZDMC has not only sold all the saleable land 300 acres of 424 acres in Hattar Special Economic Zone (HSEZ) but has also received applications for the next 1000 acres of Hattar Extension. HSEZ hosts investment of more than 5 billion rupees, whereas the company has signed various MOU's with companies from China, UAE, Malaysia, KSA and negotiations are underway for the finalization of these projects in various Economic Zones and Estates in KP. This will ensure significant foreign investment and job opportunities in this region.
KP has recently become a favored destination for investment only because of the Provincial Government's policies, frameworks and incentives. Khyber Pakhtunkhwa Government has restored investor confidence and KPEZDMC received overwhelming response from the local and international investors as the number of applications and interest of the investors and industrialists has surged in upcoming zones. In just over 2 years of establishment of KPEZMDC, the company is in line with the targets set by Board of Directors of the company. Commercial production and employment generation through industrialization will follow shortly.
The company also shared, that the development of an Economic Zone is a highly technical chore requiring multi-faceted approach because of the involvement of different independent organizations and therefore, realignments are expected and understandable by all the concerned quarters. However, despite all challenges the Management of KPEZDMC is equipped and committed to deliver at every level.

Comments

Comments are closed.