KP’s Rashakai Prioritised SEZ slated to create 50,000 jobs.

Peshawar: The Khyber Pakhtunkhwa (KP) Special Economic Zone Authority (SEZA) expects the Rashakai Prioritised SEZ (PSEZ) to create around 50,000 direct and 150,000 indirect employment openings, a news source reported. SEZA believed that the PSEZ would create these job opportunities related to trade and export to the central Asian markets through the Torkham corridor.

Rashakai SEZ development contract to be awarded next month

Furthermore, for this purpose, the authority has recommended the development of an agreement by the Federal Board of Investment (BOI) for the Rashakai PSEZ. During its meeting held this past week, SEZA stressed that Rashakai was the focus of the China-Pakistan Economic Corridor (CPEC)’s second phase.

Meanwhile, BOI had already assigned Rashakai the status of an SEZ through a notification issued in September 2019. Also, the Power & Petroleum Division has approved the PC-1 for the provision of electricity and gas for the project.

Development of Rashakai, other SEZs KP govt’s top priority: CM

On the other hand, the KP Economic Zone Development Management Company (KP-EZDMC) has initiated the work on the construction of an access road to the PSEZ.

SEZA has also recommended the Saif private SEZ for approval to BOI.