To develop the market, operate and manage the flagship project of Rashakai Economic Zone (REZ), the respective bodies have started their work in the Special Economic Zone. As the special purpose vehicle company has already registered with the Security and Exchange Commission of Pakistan (SECP), four out of five directors belongs to China Road Bridge Corporation (CRBC). While rapidly moving towards industrialization in the province, a Chinese state-owned Century Steel Company has been allotted 40 acres of land for steel production. The construction work has already begun. This company will produce nearly 4000 tons per day. Approximately 2000 applications have been submitted from investors tough no quota has been finalized yet. But, preferences will be given to the investor who will bring in the high level tech industry, export-oriented industry, and enhanced import substitution. The developments in Rashakai SEZ is the first step towards sustainability that will create around 200,000 employment opportunities with major boost to economic activities.
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