Planning ministry seeks business community’s proposals for development of Islamabad SEZ 

ISLAMABAD: The Ministry of Planning and Development on Friday sought proposals from the Islamabad Chamber of Commerce and Industry (ICCI) regarding the proposed special economic zone (SEZ) to be set up in Islamabad under the China-Pakistan Economic Corridor (CPEC) framework.

An ICCI delegation, led by its President Muhammad Ahmed Waheed, called on Planning & Development Secretary Mathar Niaz Rana to discuss various proposals for the promotion of industrialization in the region.

Welcoming the delegation, Rana briefed the ICCI members about various initiatives of his ministry and shared the details of CPEC projects that offered a lucrative opportunity for joint ventures and investment to the private sector.

He said that ICCI could play a major role by encouraging private sector investors to exploit the potential opportunities of business partnerships in CPEC projects.

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“An industrial zone has been planned in Islamabad under CPEC and it is our desire that the ICCI share its proposals so that the right policy could be chalked out in this regard,” the secretary added.

He opined that sector-specific industrial clusters were required in Islamabad to facilitate the potential foreign and local investors in exploring JVs and investment opportunities.

Speaking on the occasion, ICCI President Muhammad Ahmed Waheed said that the chamber has long been making efforts for the establishment of a new industrial estate in Islamabad. “ICCI wants to promote industrialization as there is no more space in existing areas to set up new industries due to which the potential investors are facing problems.”

He stressed that the planning ministry should cooperate for materialization of this important project which could provide a much-needed boost to industrial activities and create new jobs in the region.

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