Gilgit-Baltistan to Get New 250-Acre Industrial Zone

For context, the Special Investment Facilitation Council (SIFC) is facilitating the development of the 250-acre Maqpondass Special Economic Zone (SEZ) in Gilgit-Baltistan to attract investment, create jobs and promote local industries.

Key points

• Located near China, the Maqpondass SEZ is projected to offer opportunities for commercially viable industries, strengthen regional connectivity and encourage investment in export-oriented and resource-based businesses.
• The project is projected to backing local economic activity, generate employment, growth value addition and attract investment to Gilgit-Baltistan.
• The initiative intends to assist local businesses add value to their products, develop new enterprises and expand industrial activity beyond Pakistan's traditional economic centers.
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• SIFC is coordinating with relevant stakeholders to backing the zone's development and create an enabling environment for investors.

Meanwhile, the zone is being developed through a public-private partnership and will focus on sectors linked to the region's natural and economic strengths, including agro-processing, minerals, handicrafts and wood-based products.

In practice, the initiative intends to assist local businesses add value to their products, develop new enterprises and expand industrial activity beyond Pakistan's traditional economic centers. FBR to Monitor 5 Major Industries With Cameras.

SIFC is coordinating with relevant stakeholders to backing the zone's development and create an enabling environment for investors. The council intends to connect emerging investment destinations with domestic and international investors.

Meanwhile, the project is projected to backing local economic activity, generate employment, growth value addition and attract investment to Gilgit-Baltistan. Stay Connected with ProPakistani.

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Taken together, the developments around gilgit-Baltistan to Get New 250 point to a situation that is still moving, and the coming days should bring more clarity.