Based on the agreed framework, there are a total of nine Special Economic Zones (SEZs) planned under the China-Pakistan Economic Corridor (CPEC).
Understanding CPEC Zones
The zones referred to in the context of CPEC are primarily Special Economic Zones (SEZs). These are designated areas that offer business-friendly regulations, infrastructure, and incentives to attract domestic and foreign investment, boost industrialization, and create jobs.
The CPEC initiative envisions the establishment of these zones across Pakistan to facilitate industrial growth and enhance connectivity.
Development Status of CPEC SEZs
While there are nine agreed SEZs, their development is being carried out in phases. As highlighted in the provided reference:
- There are a total of nine agreed SEZs under CPEC.
- Four out of these nine are currently being developed on a priority basis.
- Among the prioritized zones, Allama Iqbal Industrial City (near Faisalabad) and Rashakai SEZ (Khyber Pakhtunkhwa) are notable examples. These zones are reported to be leading in terms of development work, plot allotments, and the construction of industrial units.
The focus on priority SEZs aims to demonstrate progress and attract initial investments, paving the way for the development of the remaining zones in due course.
Current Status Overview:
- Total Agreed SEZs: 9
- Prioritized for Development: 4
- Leading Priority Zones:
- Allama Iqbal Industrial City
- Rashakai SEZ
- (Other two priority zones are Dhabeji SEZ in Sindh and Boston SEZ in Balochistan, though not explicitly named in the provided reference, they are widely reported as the other two priority zones).
Developing these zones is crucial for CPEC's long-term goal of fostering industrial collaboration and economic integration between China and Pakistan.
