Development Work On Two SEZs Started In Balochistan
Faizan Hashmi Published April 08, 2021 | 08:34 PM
The Balochistan government had initiated the development work on two Special Economic Zones (SEZs) at Bostan and Hub areas on public private partnership to boost significant economic activities in the province
ISLAMABAD, (UrduPoint / Pakistan Point News - 8th Apr, 2021 ) :The Balochistan government had initiated the development work on two Special Economic Zones (SEZs) at Bostan and Hub areas on public private partnership to boost significant economic activities in the province.
The development work on the projects of the said SEZs currently going in full swing would be completed soon, an official of Industries department Balochistan said on Thursday.
He said the government was working to expand its further support for the establishment of more special economic zones to accelerate economic activities in the province.
The government's assistance was being provided for developing infrastructure including communication network, water supply, gas, electricity and others utilities at the zero-point of the zones, he added.
Balochistan government had provided captive power generation permissible to developers of the zones and launched investor friendly visa to facilitate the investors which would also help empowerment opportunities for underprivileged locals in SEZs, the official mentioned.
"The provincial assets and other resources would be utilized for the progress and prosperity of the people under proper planning," he added.
He said the government had awarded one time custom duty exemption on importing of plants and machinery to be set up in the SEZs of the province. The government had also given income tax exemption for five years for zone enterprises, he added.
Related Topics
Recent Stories
Pre-Order Your Coolest vivo Y100 Today
SC suspends PHC ruling against allocation of SIC reserved seats
ADB reaffirms continued support to Pakistan
OIC Contact Group on Jammu & Kashmir calls for early resolution of J&K dispute
Yango joins hands with Discover Pakistan to present and preserve the country’s ..
Saudi govt, companies consider Pakistan high priority economic opportunity: Ibra ..
Saudi Crown Prince expected to visit Pakistan this month
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 6 May 2024
Today Gold Rate in Pakistan 06 May 2024
Dubai Mum Becomes the First Ever Pakistani Woman to Climb 11 of the 14 Highest M ..
Over 37% Tobacco tax increase suggested to save lives, boost revenue
Mohsin Naqvi has offered a substantial incentive, pledging $100,000 to every pla ..
More Stories From Pakistan
-
Minister stresses collective efforts to uplift underprivileged class
2 minutes ago -
Work of street lights installation on roads underway:
32 minutes ago -
Child protection training of merge districts' staff completed
42 minutes ago -
Commissioner, Chairman BISE Sukkur visit exams centers, reviewed arrangements
42 minutes ago -
AIOU to hold Int’l moot on Ijtihad Bil-Maqasid
52 minutes ago -
Pb govt to start multiple civic service projects: Rana Ghous
52 minutes ago
-
Climate Change: Green Urban, a solution to Pakistan's woes
1 hour ago -
Anti-encroachments operation continues
1 hour ago -
Climate-induced challenges mount for Islotees
1 hour ago -
President due in Quetta today on maiden official visit
1 hour ago -
SC suspends PHC ruling against allocation of SIC reserved seats
1 hour ago -
Teachers criticize imposed digital teaching strategy for elementary students
1 hour ago