ISLAMABAD – The Board of Investment (BOI) has said that second SEZ of CPEC begins with planned Rs53.6 billion investment in Faisalabad to attract the foreign and local investors with state of art world standard facilities. After the launch of CPEC’s first Rashakai SEZ, colonisation of the CPEC, AIIC Faisalabad begins with planned Rs53.6 billion Investment. In this regard, a meeting of the AIIC, SEZ Committee held, which accorded approval to 15 applicants and allotted land of 320 acres. The applicants include a Chinese Firm Zhengbang Agriculture Pakistan Private Limited with a plan Rs800 million investment in agri sector.
Amongst the other 14 local firms, Zahid Jee Textile Mills, Ocean Ceramics, and Ittehad Metals to initiate business establishments worth Rs11.8 billion, Rs11.2 billion and RS7.5 b respectively.
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