Peshawar: The Khyber Pakhtunkhwa Special Economic Zone Authority (KPSEZA) Board has decided to refer Daraban Economic Zone and Fatima Cement to the Board of Investment (BoI) for granting the status of Special Economic Zone (SEZ) in Dera Ismail Khan (DI Khan), according to a news story published on June 21.
A meeting of the KPSEZA Board was held under the chair of Chief Minister (CM) Mahmood Khan. According to the details, after the approval of the BoI, the two industrial setups will be granted SEZ status. The board has approved the proposal under the relevant provisions of SEZ Act, 2012. Moreover, the multipurpose Daraban SEZ will be established on 1,000 acres of land having the capacity to be expanded to 3,000 acres of land, if need be. As per the details, the zone will be set up with an estimated cost of PKR 7.8 billion which will generate 120,000 indirect and 40,000 direct employment opportunities.
After the approval of BoI, Fatima Cement will be the first SEZ in the province that’s linked with the private sector. The SEZ will be set up with a total cost of PKR 51.9 billion and will create 4,000 indirect and 500 direct employment opportunities.
During the meeting, the attendees were informed that the feasibility study for setting up the ‘Centre of Excellence’ in Mohmand Marble City was completed. It was disclosed that the feasibility study was submitted to BoI to further be submitted to the Joint Working Group for inclusion in China-Pakistan-Economic-Corridor (CPEC) projects.
Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows & movies.
