Pakistan and China will sign development agreement of the First China Pakistan Economic Corridor’s Rashakai Special Economic Zone in Islamabad today [Monday] to provide conducive business environment for bringing Foreign Direct Investment in the country.

Chairman Board of Investment, Atif R. Bokhari in a statement in Islamabad said that signing of the Development Agreement of Rashakai will realize the vision of special economic zones’ development, ultimately leading to a prosperous and industrial Pakistan.

He said sufficient headway has been made on this front and the zones are now becoming ready for business.

He said that Pakistan’s proximity with China will allow these Special Economic Zones to foster economic interdependence for mutual economic advantage.

The Chairman BOI said that this agreement provides the road map for establishment of an Rashakai Special Economic Zone while holding the Federal and provincial government and the developer jointly responsible for the development and operations of SEZ.