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Special Economic Zones

By 21/05/2021 0 Comments

The special economic zones played an important role in the Chinese economic resurgence of the 1980s. This model is an important factor in making China an economic superpower. The SEZ model is crucial for the development of under-developed and geographically marginalized regions. In Pakistan, developmental inequality is rampant, which proves the relevance of this model.

In 2013, under the China Pakistan Economic Corridor, the Chinese and the Pakistani government went into an agreement to build nine special economic zones. These economic zones will be located in undeveloped regions of the country like Southern Punjab, Khyber Pakhtunkhwa, Balochistan, and Sindh.

The SEZ model if implemented can be fruitful for the economic growth of the country, as it will help Pakistan achieve economic subsistence as it helped China in becoming the economic superpower it is today.

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