Source: Graana.com
Islamabad, December 19, 2024 – Abdul Aleem Khan, Federal Minister for the Board of Investment (BOI), has announced the successful completion of a nationwide survey on Special Economic Zones (SEZs) and outlined a series of reforms aimed at enhancing their efficiency and attractiveness for foreign investment.
The survey, which included aerial and drone coverage, highlighted both the strengths and challenges faced by these zones. The findings were presented during a high-level BOI meeting led by Minister Khan, who revealed plans for over 150 reforms to improve the SEZs.
These reforms will focus on making the zones more environmentally friendly, with a strong emphasis on the Green Pakistan initiative. Key upgrades include linking Karachi’s industrial zone to Port Qasim and implementing a one-window operation for businesses to streamline processes.
Read: why real estate is still the safest investment option in Pakistan
Khan emphasized that a priority is to attract industries relocating from China while also encouraging investments from countries beyond China. Additionally, he stressed the importance of ensuring security and providing comprehensive facilities within these zones.
In his remarks, Khan noted the significant progress made in resolving long-standing issues within the SEZs over the past six months. He called for the BOI to prepare a detailed presentation on these reforms for the prime minister.
Read: Exploring the future of smart real estate in Pakistan
Khan also instructed the BOI to strengthen communication with international investors through Pakistan’s embassies and create a “Pride of Pakistan” group to recognize and honor foreign investors. A meeting between these investors and the Prime Minister is also being planned. Furthermore, discussions were held on the upcoming Business Facilitation Centre and the “Asaan Karobar Act 2024,” which aims to simplify business processes in the country.
The Secretary of the BOI briefed the meeting on both current initiatives and future plans for further development of Pakistan’s SEZs.
Karachi: Prime Minister Shehbaz Sharif announced on Monday that the federal government, in partnership with…
Islamabad: The Capital Development Authority (CDA) has officially begun handing over developed plots to allottees…
Islamabad: The federal government has given the green light to extend Margalla Highway from GT…
Faisalabad: The Faisalabad Development Authority (FDA) has successfully integrated all property records under its jurisdiction…
Karachi: Minister for Maritime Affairs, Muhammad Junaid Anwar, has invited local and international investors to…
Multan: Punjab Chief Minister Maryam Nawaz Sharif has approved the Multan Avenue development project under…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
