May 28, 2021: Prime Minister Imran Khan will be the chief guest at the commercial launch of Rashkai Priority Special Economic Zone today.
Construction of the $366million Chinese enterprise “Century Steel Pvt. Ltd.” begins today. The Rashkai Priority Special Economic Zone is part of the China-Pakistan Economic Corridor Cluster, which will be a major milestone in the creation of large-scale investment and job creation in the province. We are committed to making the Economic Corridor a high standard of BRI. The Rashkai Priority Special Economic Zone is a flagship project of the Khyber Pakhtunkhwa Government and the Khyber Pakhtunkhwa Economic Zone Development and Management Company (KPEZDMC) under the China-Pakistan Economic Corridor Framework.
The Rashkai Preferred Special Economic Zone covers about 1,000 acres of land connected to the China-Pakistan Economic Corridor Route on the M-1 Motorway and other districts of the province, making the project strategically significant. The Rishkai Priority Special Economic Zone is being completed in partnership with China State-owned enterprise China Road and Bridge Corporation (CRBC) and Khyber Pakhtunkhwa Economic Zone Development and Management Company (KPEZDMC).
The special economic zone will include various industries related to pharmaceuticals, textiles, food and beverages, steel and engineering. So far, online applications have been received for more than 2,000 acres of land for the lease of 700 acres. The project will provide direct and indirect employment opportunities to about 200,000 local people in the region.
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