Pakistan’s economy to boost through CPEC’s SEZs

IT will not be wrong to say that the panacea of all the economic problems of the country lies in the early operationalization of Special Economic Zones being set up under the second phase of multi billion dollars China-Pakistan Economic Corridor (CPEC) project. Hence no effort should be spared to extend all basic amenities in these zones.

A meeting chaired by Prime Minister Imran Khan on Tuesday was informed that work on gas and electricity supply to Rashakai, Dhabeji, Allama Iqbal and Bostan Special Economic Zones was in full swing.

Electricity and gas is mainly available for the construction of industries whilst the rest of the required electricity and gas would be supplied with further development of industries.

It is a matter of satisfaction that Prime Minister Imran Khan is personally monitoring progress on the SEZs and the other day he also met a Chinese business delegation assuring full facilitation to them.

China has a successful record of constructing and running the SEZs and Pakistan has an opportunity to capitalize on the Chinese experience. It must be ensured that the Chinese investors face no hurdles whilst setting up industries in these zones.

Timely arrangements should be made so that the industries face no shortage of basic utilities. The success of these zones is important to take forward the country on the path of sustainable growth and development.

There should not be any further delay in the operationalization of the SEZs which will definitely help the country emerge as a manufacturing and production hub in the region.

Our country has always struggled to bolster exports and the setting up of industries in the SEZs will definitely go a long way in exploiting the country’s export potential and address the longstanding issue of trade deficit besides ending reliance on foreign debts.

Whilst Chinese investors are showing great interest in the SEZs, our authorities concerned should shun slumber and be forthcoming to ensure early realization of their investment.

With better planning and projection, we can also entice investors from other countries in the SEZs.