Islamabad: According to a recent news report, the Board of Investment (BOI) has stated that Pakistan and China need to focus more on the advancement for the relocation of the Chinese industry in Special Economic Zones (SEZs) including the Rashakai SEZ.

In this regard, BOI Chairman Atif Bokhari met with Vice President Sun Yaoguo of the China Road and Bridge Corporation (CRBBC) and his delegation on Sunday to brief them on the acceptance of two big benefits for SEZs: customs and duty exemption on capital goods and the removal of the 1.5% turnover levy.

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He told the delegation that BOI would work with appropriate departments and ministries to help CRBC, as well as provide assistance under BOI’s mandate.

The CRBC recommended better contact with the Chinese business community about investment incentives and sectors, which Bokhari agreed to and said he would host a webinar on the subject.

The meeting decided that the high quality of services, together with the government of Pakistan’s lucrative rewards, would make Rashakai a centre of economic activity.

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