ISLAMABAD: Chinese company Century Steel has decided to make a $360 million investment in Pakistan for which the government has allotted 20 acres of land in the Rashakai SEZ. These include the Rashakai SEZ, Allama Iqbal Industrial City, Faisalabad Bostan SEZ and Dhabeji SEZ. On the other hand, the government provided 5 MMCFD gas as a short-term arrangement in December 2020 in this economic zone. It will also provide 5 MW electricity in Dhabeji SEZ till December 2021 whereas work is in progress for the provision of 13.5 MMCFD gas. It is pertinent to note here that the government has identified nine SEZs under the cooperation of industrial development, including Rashakai SEZ, Allama Iqbal Industrial City, Faisalabad Bostan SEZ, Dhabeji SEZ, Model ICT SEZ, Pak Steel Mills SEZ, Karachi Moqpandas SEZ, GB Mirpur SEZ, and AJK and Mohmand Marble City.

Source: Pakistan Today August 30, 2021 11:37 UTC