Special Economic Zones (SEZs) Under CPEC to Encourage Investments
Special Economic Zones (SEZs) have been created by Pakistan’s Board of Investment (BOI) to encourage investments in CPEC. China Pakistan Economic Corridor (CPEC) is established to flourish economy via trade and bringing investment opportunities to the region. Both countries are striving to make CPEC a successful story and so far it has received overwhelmed investment proposals across the globe.
CPEC not only commits a lucrative future but a robust development of region, which has resulted in Gwadar turning into a business hub. Special Economic Zones is a platform for enabling environment to attract investors, promote trade and increase exports.
What are Special Economic Zones (SEZs)?
Special Economic Zones are the areas having different trade laws than rest of the country to facilitate and encourage foreign and local investments by promoting regional trade, manufacturing economy and export-led growth.
Chairman BOI Zubair Gillani, reassured that expanding the trade avenues is a priority of the government, and the Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC) will provide a platform for entrepreneurs to establish their businesses.
He further said that the process of doing business will be made less bureaucratic, particularly for the establishment of Small and Medium Enterprises (SMEs).
The trade with neighboring countries would help increase the local exports and decrease trade deficit, Said Mr. Zubair. He added that the nine special economic zones (SEZs), being established along the China Pakistan Economic Corridor (CPEC), offer huge opportunities to the foreign and local investors in terms of low-cost business facilities, including low-cost energy, decade long tax free zones and provision of land on lease.
BOI is committed to ensure facilities for starting new businesses, property registration and resolving insolvency for ease of doing business, especially for Small and Medium Enterprises (SMEs) he said.
Gwadar Real Estate and CPEC
China Pakistan Economic Corridor (CPEC) is an initiative took under China’s One Belt One Road (OBOR). CPEC is giant project with a key ambition of refining Pakistan’s infrastructure in order to improve business ties with China. CPEC is considered to be China’s biggest foreign investment so far and the $62 billion project includes Gwadar deep sea port, upgraded transportation networks, various economic zones and multiple energy projects.
The Gwadar Sea Port is one of the largest sea ports in the world and Gwadar real estate is definitely one of the main investment areas that will be benefited from CPEC. CPEC will become fully functional around year 2020 resulting Gwadar being one of the most hot favorite investment realms in home.
Being future commercial or business hub of Pakistan, Gwadar real estate has that investment potential that no other zone in country offers. You only need to choose the right area, property or investment option to get the desired returns in future and Gwadar Jaidad is here to provide you honest consultancy.