Punjab to Establish the Largest Special Economic Zone in the Country – Research Snipers

Punjab to Establish the Largest Special Economic Zone in the Country

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It has been decided by the Punjab government to establish the biggest Special Economic Zone (SEZ) of the country in Chaubara along the Muzaffargarh-Layyah road. The aim of this step is to boost the economic activity in deprived areas of South Punjab.

A plan of action has been prepared by the Ministry of Industry and Commerce to develop largest Special Economic Zone. It will be built in an area that will cover 20,000 acres.

If need be, the SEZ will be later expanded to 50,000 acres as per official sources. It is expected that a large number of expatriates would return to Pakistan amidst the global coronavirus pandemic. The government has made a plan to make use of that workforce in the economic zone. It would help in the creation of jobs for the locals.

It was announced by the Punjab Chief Minister Sardar Usman Buzdar that incentives would be given by the government to that companies that are investing in SEZs.

Also read: U.S Businessmen Interested to Invest in the CPEC’s First SEZ

He said, “We want to transform Punjab into a hub of trade and economic activities.”

It was also emphasized by the CM that just in the time period of 2 years the PTI government began working 13 SEZs and industrial estates.

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