Minister for Planning and Development Asad Umar has directed the authorities concerned to ensure completion of their respective task regarding Rashakai Special Economic Zone being constructed under China Pakistan Economic Corridor within stipulated timeframe.
He issued these directives while chairing a meeting to review the progress on the development of Rashakai Special Economic Zone in Islamabad.
The meeting was apprised about the progress of work at Special Economic Zone, especially regarding supply of gas and electricity to the Zone.
It was informed that 10MW electricity is available for Rashakai SEZ while the transmission line for another 160 MW is under construction and will be completed by November this year.
The meeting was further informed that the first Unit, a Steel Plant at the Zone is under construction and in the first phase, an investment of 79 million dollars will be made to produce 500,000 tons of Construction steel.
Asad Umar also directed the Planning Division to carry out monitoring of the various activities related to the Special Economic Zones.