Islamabad: The Parliamentary Committee on the China-Pakistan Economic Corridor (CPEC), led by Sher Ali Arbab, stated on Wednesday (August 25) that Special Economic Zones (SEZs) are of little value without colonisation and the development of industries in a timely manner, according to press reports.
The chairman committee made these statements while assessing the development of industry formation in SEZs around the country. On the occasion, committee members encouraged the government and other relevant parties to enact measures that would facilitate and safeguard investment in SEZs, including the provision of security for enterprises and foreign investors.
The committee was also updated on the clearance and No-objection-Certificates (NOCs) granted to industrialists for the development of industrial units. Members and secretaries from various government entities, including ministers of planning and railways, briefed the meeting on the current status of security measures for projects under the CPEC framework, the Mainline-1 (ML-1) project with a special focus on the Electric Traction (ET) component, and the latest progress on special economic zones.
Furthermore, the committee stated that, in addition to focusing on industries and agriculture-related projects, Pakistan should also focus on the growth of the tourist industry in the country under the CPEC framework.
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
