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Special Economic Zones (SEZs) in Pakistan are areas designated by the government of Pakistan to promote industrial growth and attract investment. In Pakistan, the SEZ Act was established on 13 September 2012, alongside the subsequent notification of SEZ Rules within the same year.
The Pakistan Export Processing Zone Authority (EPZA) is an autonomous body established under the administrative control of the Ministry of Industries and Production (Pakistan). It is in charge of organizing, creating, and managing Export Processing Zones (EPZs) around the nation and functions in accordance with the EPZA Ordinance 1980. In order ...
In February 2018, the CPEC Center of Excellence was established at Air University School of Management, Islamabad. [31] The research center was established with an aim to understand the importance and contributions of export-processing zones (EPZs) in human welfare and particularly maximizing its potential in the post-CPEC scenario. [31]
Free-trade zones can also be defined as labor-intensive manufacturing centers that involve the import of raw materials or components and the export of factory products, but this is a dated definition as more and more free-trade zones focus on service industries such as software, back-office operations, research, and financial services.
The definition of an SEZ is determined individually by each country. According to the World Bank in 2008, the modern-day special economic zone typically includes a "geographically limited area, usually physically secured (fenced-in); single management or administration; eligibility for benefits based upon physical location within the zone; separate customs area (duty-free benefits) and ...
Pakistan Institute of International Affairs, Karachi; Pakistan Institute of Labour Education and Research (PILER) Pakistan Marine Academy; Petroleum Institute of Pakistan; Radiology Research Section (RRS), University of Lahore; Social Policy and Development Centre (SPDC) Station for Ostrich Research and Development [SORD], Department of Poultry ...
Other economic zones include the China-Pakistan economic zone open only to Chinese investors in Gwadar, Pakistan. There are talks of creating a Japanese city for investors from Japan only. There has been new SEZ proposed on the under-construction Sialkot-Lahore motorway; Qatar has proposed an investment for $1 billion in a new SEZ along the ...
Pakistan Industrial Development Corporation (PIDC) was founded as a state corporation under Pakistan's Ministry of Industries and Production in April 1951. It began operations in 1952. [ 1 ] The PIDC board of directors included members of industrial families such as Naseer A. Sheikh of the Colony Group , Adamjee Group , and Syed Amjad Ali of ...