Rashakai Special Economic Zone to be inaugurated in first quarter of this year.
Rashakai, one of the nine special economic zones prioritized under the China-Pakistan Economic Corridor framework is likely to start commercial operation during the first quarter of this year.
The two sides are negotiating details on the implementation of the Rashakai Special Economic Zone.
During the 8th Joint Coordination Committee meeting held in Beijing last month, China’s National Development Reforms Commission and Pakistan’s Board of Investment signed the Memorandum of Understanding.
Under the CPEC, so far nine special economic zones have been identified to be established in different areas of Pakistan.
One each in Punjab, Khyber Pakhtunkhwa, Balochistan and Islamabad, two in Sindh and one each in FATA, Kashmir, and Gilgit-Baltistan.