70 enterprises get active status in special economic zones

70 enterprises get active status in special economic zones

Sumary of 70 enterprises get active status in special economic zones:

  • KARACHI: Within five months of its establishment in January this year, the Special Economic Zone Management Information System (SEZMIS) has facilitated speedy grant of the active zone status to 70 enterprises by the Board of Approvals (BOA) compared to 200 in the last eight years, said the State Bank’s report on Special Economic Zones in Pakistan.
  • It has increased the efficiency of the filing system and contributes towards creating an enabling business environment.
  • “There have been some positive developments recently, such as the passing of the SEZMIS regulations, which prevent real estate speculation,” said the report.
  • As far as policy reforms are concerned, the current SEZ framework does not envision SEZs in Pakistan as areas that offer special policy and regulatory environment to businesses, said the report.
  • This necessitates deliberations over the creation of a separate centralised autonomous SEZ authority that would perform several functions.

Want to know more click here go to source.

From -

Generic selectors
Exact matches only
Search in title
Search in content

Site Language

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.