Skip to main content

Laws for special economic zones under CPEC being revisited


JAMAL SHAHID

ISLAMABAD: The government is revisiting laws pertaining to special economic zones (SEZs) under the China-Pakistan Economic Corridor (CPEC) to fix deficiencies, Chairman Board of Investment Zubair Gilani told a parliamentary body meeting on Wednesday.

“There was no harmony between legislation and ground challenges at the time China-Pakistan Economic Corridor was conceived. The SEZ Act is being revisited to give special economic zones concrete legal backing and enhanced incentives and benefits,” Gilani said while briefing the Senate Special Committee on CPEC.

The committee discussed in detail SMEs and SEZs, uninterrupted power supply along CPEC routes, delaying of tariff determination by Nepra for coal-based energy project in Gwadar besides second phase of Free Trade Agreement (FTA).

Gilani told the meeting that amendments in laws governing SEZs would help reduce current account deficit which has increased considerably in the last few years and will be beneficial to both Pakistan and China. Amendment in laws would encourage exports, he said.

The senior official claimed of unprecedented progress under CPEC in three SEZs – Rashakai, Nowshera in Khyber Pakhtunkhwa, Allama Iqbal Industrial City in Faisalabad and Dhabeji SEZ in Thatta — in the last year months.

Secretary Planning, Development and Reform Zafar Hasan said that there are nine locations identified by the provincial governments to be developed as SEZs.

“Prior to initiating industrial cooperation this government had already begun working with the Chinese on the types of benefits and concessions they would require. We did a comparative study with other countries in the region. We want to give more incentives for all SEZs because the government is targeting long term benefits,” Hasan said in his briefing.

However, the committee interpreted amendments in the law pertaining to SEZs another ‘U-turn’ of the government.

“There is very little confidence. The first thing that a business is predicated on is a certain amount of predictability of the business environment, on the tax environment and other infrastructural requirements. We are signaling no capacity to even build consistency to attract the Chinese and other investors,” chairperson of the committee, PPP Senator Sherry Rehman said.

PMLN Senator Javed Abbasi feared that all efforts of the past on CPEC projects would be rendered useless with the new amendments and described the ‘U-turn’ as troubling.

The committee also discussed the bill to set up a monitoring authority for CPEC projects. The committee was unanimous not to support any such document without approval of the parliament. Senator Rehman demanded that terms of references of the CPEC authority be shared with the members.

She said, “The Senate will oppose formation of CPEC authority through Presidential ordinance, it can only be formed by an act of the parliament and with the consensus of the provinces.”

She repeatedly stressed that the authority proposed was to enhance provincial coordination, not to centralise a faltering planning process.

“It should have provincial representation to be meaningful and seek approval of Parliament, not land in the Houses as an ordinance”, she said.

The committee showed concern regarding delay in projects under CPEC, the proposed ‘Authority’, as portrayed by the Ministry of Planning, Development and Reforms is being set to ensure timely completion of CPEC projects.

The committee took serious notice of Balochistan’s Bostan Industrial Zone for not being included in the list of prioritised SEZs.

Published in Dawn, September 26th, 2019



https://www.dawn.com/news/1507441

Comments

Popular posts from this blog

SSG Commando Muddassir Iqbal of Pakistan Army

“ Commando Muddassir Iqbal was part of the team who conducted Army Public School operation on 16 December 2014. In this video he reveals that he along with other commandos was ordered to kill the innocent children inside school, when asked why should they kill children after killing all the terrorist he was told that it would be a chance to defame Taliban and get nation on the side. He and all other commandos killed children and later Taliban was blamed. Muddassir Iqbal has deserted the military and now he is  with mujahedeen somewhere in AF PAK border area” For authenticity of  this tape journalists can easy reach to his home town to interview his family members or   ISPR as he reveals his army service number” Asalam o Alaikum: My name is Muddassir Iqbal. My father’s name is Naimat Ali. I belong to Sialkot divison (Punjab province), my village is Shamsher Poor and district, tehsil and post office  Narowal. Unfortunately I was working in Pakistan army. I feel embarrassed to tell yo

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میں Please help the deserving persons... Salary: Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows; Welder: Rs. 1,700 daily Heavy Duty Driver: Rs. 1,700 daily Mason: Rs. 1,500 daily Helper: Rs. 850 daily Electrician: Rs. 1,700 daily Surveyor: Rs. 2,500 daily Security Guard: Rs. 1,600 daily Bulldozer operator: Rs. 2,200 daily Concrete mixer machine operator: Rs. 2,000 daily Roller operator: Rs. 2,000 daily Steel fixer: Rs. 2,200 daily Iron Shuttering fixer: Rs. 1,800 daily Account clerk: Rs. 2,200 daily Carpenter: Rs. 1,700 daily Light duty driver: Rs. 1,700 daily Labour: Rs. 900 daily Para Engine mechanic: Rs. 1,700 daily Pipe fitter: Rs. 1,700 daily Storekeeper: Rs. 1,700 daily Office boy: Rs. 1,200 daily Excavator operator: Rs. 2,200 daily Shovel operator: Rs. 2,200 daily Computer operator: Rs. 2,200 daily Security Supervisor: Rs.

A ‘European Silk Road’

publication_icon Philipp Heimberger ,  Mario Holzner and Artem Kochnev wiiw Research Report No. 430, August 2018  43 pages including 10 Tables and 17 Figures FREE DOWNLOAD The German version can be found  here . In this study we argue for a ‘Big Push’ in infrastructure investments in greater Europe. We propose the building of a European Silk Road, which connects the industrial centres in the west with the populous, but less developed regions in the east of the continent and thereby is meant to generate more growth and employment in the short term as well as in the medium and long term. After its completion, the European Silk Road would extend overland around 11,000 kilometres on a northern route from Lisbon to Uralsk on the Russian-Kazakh border and on a southern route from Milan to Volgograd and Baku. Central parts are the route from Lyon to Moscow in the north and from Milan to Constanţa in the south. The southern route would link Central Europe with the Black Sea area and