$25b investment in EZs likely

Economic zones (EZs) across the country have drawn a proposed investment of an estimated $25 billion through land allocation to 196 entities.

Moreover, the investment in private economic zones is approximately $4.0 billion, finance minister AHM Mustafa Kamal says in his budget speech.

"The establishment of 100 economic zones in the country is well in progress," he added.

The national budget for fiscal year 2022-2023 was placed in parliament on Thursday.

The administrative seal of approval has already been given to the proposal for setting up 97 EZs.

Work on the implementation of 28 zones is underway, according to the minister.

In order to make the PPP project implementation and the activities of the PPP authorities more robust and dynamic, steps are being taken to enact the 'PPP (Amendment) Act-2022'.

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