Islamabad, March 20 (INP): The Rashakai Special Economic Zone under the China Pakistan Economic Corridor (CPEC) is getting very encouraging response as more than 2000 investors have shown interest in establishing their industrial units in the zone, according to a high-level meeting held here.

Quoting the meeting, Gwadar Pro stated that the applications from all such investors to set up their units would be processed in a transparent manner to allocate appropriate space within the zone, said an official statement issued after progress review meeting on the development and groundbreaking of Rashakai SEZ. The meeting was presided over by Minister for Planning, Development and Special Initiatives Asad Umar, and was attended by provincial finance Minister Khyber Pakhtunkhwa Taimur Khan Jhagra and senior officials of the federal and provincial governments. The meeting reported the work progress at the SEZ. The meeting was informed that the camp office at the site has been established, while the first industrial unit has started its construction work within the zone, said the statement. The minister appreciated the work carried out by Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) and the development to set up Rashakai as the first SEZ in Public Private Partnership (PPP) model. He said that the relevant federal agencies would be directed to provide all necessary support and assistant to make the SEZ a success. INP/javed