Peshawar: According to media reports, the board of directors of the Khyber Pakhtunkhwa Special Economic Zone Authority (SEZA) approved Mohmand Marble City’s application for Special Economic Zone (SEZ) status on Tuesday.

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Chief Minister (CM) Mahmood Khan presided over the board meeting and directed that work on obtaining 2,000 acres of land and preparing a feasibility study to begin immediately. During the meeting, the CM directed that the marble industries be shifted to Mohmand Marble City as soon as feasible from Warsak Road, Shabqadar, and Malagori. In addition, the minister urged that all economic zones give amenities to investors.

Furthermore, the CM warned the investors that if they did not start building on the granted plots within six months, they would face cancellation.

SEZA’s standard operating procedures were also adopted at the meeting and will be forwarded to the Federal Board of Investment (BoI) for final approval. The Rashakai SEZ zone regulations were also approved by the Federal Board of Investment. The Securities Exchange Commission of Pakistan has registered Rashakai SEZ’s special purpose vehicle.

The development of the Mohmand Special Economic Zone was also discussed at the meeting. According to reports in the media, 106 plots out of 290 have been assigned, including a water supply and a 132KV grid station.

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The board also considered the application for a solitary enterprise SEZ in Dera Ismail (DI) Khan for cement and allied construction materials manufacture. CM Mahmood Khan ordered that sites in the Rashakai SEZ be leased out due to sales limits.

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