ISLAMABAD: The Land Lease Policy for creating special economic zones (SEZs) and an action plan to simplify these zones have been adopted by the Board of Investment (BoI).
Abdul Aleem Khan, Minister of Investment and Privatization, chaired the BoI’s Approval Committee meeting on Tuesday. Additionally, a survey of 35 industrial zones across the country was to be completed.
The survey’s objectives were to determine the main causes of the lack of infrastructure development and industrialization, evaluate utility availability, and confirm each plot’s possession status. The purpose of the survey was to gather precise information about the state of businesses and zone development in 35 industrial zones.
According to Aleem Khan, the survey’s completion, the identification of the problems with industrial zone formation, and their resolution are important accomplishments that will boost the nation’s economy. Aleem Khan instructed that the poll be distributed to all provincial governments and pertinent departments.
The Special Economic Zones Act was amended at the meeting, allowing the Approval Committee to convene seven days apart rather than twenty-one. He claimed that timely and frequent meetings would facilitate speedy resolution of issues.
According to the minister, measures have been taken to guarantee improved quality in this area and the special economic zones have been upgraded in the least amount of time.
Digital data is mutual property, he argued, and it must be advantageous to all pertinent entities.
According to the minister, every aspect of SEZs has been fully renovated to reflect the most recent standards and standard amenities offered there.
