Allama Iqbal Industrial City to be inaugurated on Jan 3 under CPEC

FAISALABAD: Established under China-Pakistan Economic Corridor (CPEC), the government will inaugurate the 4,000 acres Allama Iqbal Industrial City (M-3) on January 3, 2020.

Earlier, both the countries had decided competition of three Special Economic Zones (SEZs) out of the nine signed to be constructed across Pakistan informed Chairman Parliamentary Committee on CPEC Sher Ali Arbab.

The other two SEZs include the Rashhakai Economic Zone located in Nowshera, Khyber Pakhtunkhwa and Dhabeji Special Economic in Sindh, which are expected to open in April 2020.

Furthermore, amendments in the Special Economic Zone Act 2012 will be presented by the Board of Investment (BoI) to facilitate industrial zones under the CPEC.

To initiate the development of the SEZ spread over 4,000 acres, the government has invited bids.

In addition, the Chairman informed that the government has planned to establish open courts that will look into the issues to be resolved under the CPEC projects.

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