Islamabad: The Punjab Board of Investment and Trade (PBIT) has decided to set up a special economic zone (SEZ) in the province, in its bid to promote investment in the private sector and alleviate poverty – a news source reported.
PBIT Chairman Sardar Tanveer Ilyas Khan expressed his views on the matter while presiding over the 29th session of PBIT’s Board of Directors (BoD) meeting in Islamabad on Monday.
Chief Executive Jahanzeb Burana gave briefings on various initiatives introduced by PBIT to promote investment and economic activities. He asked the public and private sectors to collaborate on the different projects under consideration.
In response, the PBIT chairman stressed the need to invest in waste recycling projects. He warned that unwanted waste materials were being piled up at an unprecedented pace, and the failure to address the issue would later prove to be disastrous.
Ilyas said that the board would introduce Investment opportunities for local and foreign investors on a priority basis. For this purpose, the establishment of a one-window facility is currently being planned.
