The China-Pakistan Economic Corridor (CPEC) is now in its second phase of development andRashakai Economic Zone be a game-changer for KP, in spite of speculations that work on the $62 billion connectivity project had slowed down.
In the previous week, the Rashakai Special Economic Zone (SEZ) in Khyber Pakhtunkhwa was rolled out, kicking off phase II of CPEC. The Rashakai zone, located close to Nowshera, is one of the nine special economic zones to be established under the CPEC between 2017 and 2030.
The Rashakai zone will be spread over 1,000 acres of land and for it China’s Century Steel Pvt. Ltd. is also relocating to Pakistan.