KARACHI (Monitoring Desk): The Sindh government is all set to invite developers to participate in competitive bidding for the Dhabeji Special Economic Zone (SEZ).
Sindh Economic Zones Management Company (SEZMC) Chief Executive Officer (CEO) Abdul Azeem Uqaili said that Sindh government has formulated the necessary framework for inviting private investors to work on one of the three SEZs of the country, which will be operational in the near future.
In 2012, the federal government passed the Special Economic Zones Act according to which nine SEZs were to be built across Pakistan.
The government had incentivised these SEZs by giving income tax holidays for ten years to the companies which set up units in the area. Moreover, it had also allowed duty-free import of machinery for installation in plants of the companies established in the SEZs.
In 2018, the Joint Coordination Committee (JCC) of the China-Pakistan Economic Corridor (CPEC) decided to work initially on three SEZs.
The three SEZs, which were decided to be developed initially in the 7th JCC meeting, were Rashakai SEZ in Khyber-Pakhtunkhwa, Dhabeji SEZ in Sindh and Allama Iqbal Industrial City in Faisalabad.
The CEO of (SEZMC) said that Dhabeji SEZ covers an area of fifteen thousand acres with easy access to Port Qasim, facilitating import of raw material and export of finished goods without raising cost of inland transportation and also saving time.
He said that it has an easy access to Karachi airport, which is located at a distance of 35-km via National Highway, enabling safe travel for foreign workers and the management.
He added that the SEZ has a direct access to the National Highway, which enables transportation of goods upcountry and to Central Asian nations through the national trade corridor.
Uqaili further said that Pakistan needed such projects because these would help create jobs, which would eventually alleviate poverty and steer social development in the country.