Islamabad Model Special Economic Zone Explained

Islamabad Model Special Economic Zone
Abbreviation:IMSEZ
Formation:18 July 2023
Location:T chowk near Rawat, Islamabad

The Islamabad Model Special Economic Zone (IMSEC) is Special Economic Zone situated near Rawat, Islamabad, associated with the China-Pakistan Economic Corridor (CPEC). This represents the initial facility of its kind in the federal capital. It was inaugurated on 18 July 2023, with the foundation stone laid by Prime Minister Shehbaz Sharif.[1] [2]

Background

The zone covers an area of more than 1,000 acres of prime industrial area at the junction of N-5 National Highway and Islamabad Expressway. It is anticipated to attract investments amounting to $2.5 billion and create around 1,000 job opportunities. Additionally, one of its goals is to foster the growth of low-carbon footprint industries in the country.[3]

Notes and References

  1. Web site: PM lays foundation stone of Islamabad Model Special Economic Zone. www.radio.gov.pk.
  2. Web site: Pakistan no long faces default risk, ready for economic reforms: PM. Web. Desk. July 18, 2023. ARY NEWS.
  3. Web site: CPEC 2013-2023: PM Shehbaz lays foundation of Islamabad Model Special Economic Zone. July 18, 2023.

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