Land lease policy for special economic zones approved

The Board of Investment (BoI) has approved the Land Lease Policy for establishing special economic zones (SEZs) and an action plan to streamline these zones. The BoI’s Approval Committee met on Tuesday with Investment and Privatisation Minister Abdul Aleem Khan in the chair. It was also informed about completing a survey of 35 industrial zones nationwide. The survey dealt with identifying primary reasons for non-industrialisation and infrastructure development, assessing the availability of utilities, and verifying the possession status of each allotted plot. The survey was conducted to collect accurate data on the status of enterprises and zone development across 35 industrial zones. The completion of the survey, identification, and resolution of issues facing the establishment of industrial zones are significant achievements that will positively impact the country’s economy, Aleem Khan said. The survey should be shared with all the provincial governments and relevant departments, Aleem Khan directed.