A review of KP's special economic zones and export processing zones' legal and regulatory frameworks: Analysis of investment, job opportunities and economic growth.

Authors

  • Dr. Azhar khan, Dr. Asad Sarfaraz, Dr. Maimoona Saleem, Dr. Fazaila Shad, Farah Nadir, Muhammad Nisar

Keywords:

Special economic zone, Export Processing Zones, Investment, Economic Development, CPEC.

Abstract

This comprehensive analysis examines the legislative and regulatory framework pertaining to Special Economic Zones (SEZs) and Export Processing Zones (EPZs) in the region of Khyber Pakhtunkhwa (KP). The study sheds light on the province's endeavors to attract investments, job opportunities and stimulate economic development. Prior to the realization of the full potential of KP's Special Economic Zones (SEZs) and Export Processing Zones (EPZs), the article highlights numerous hurdles such as poor governance, inadequate infrastructure, and onerous rules are among the key challenges faced. In order to attain effective administration of Special Economic Zones (SEZs) and Export Processing Zones (EPZs) in a responsible manner, the study emphasizes the need for enhancing monitoring and regulatory mechanisms. Notwithstanding these constraints, the report posits that Special Economic Zones (SEZs) and Export Processing Zones (EPZs) have the potential to enhance investment and foster economic development in the province of Khyber Pakhtunkhwa (KP). The government of Khyber Pakhtunkhwa (KP) should promptly take action to address obstacles and foster investment in Special Economic Zones (SEZs) and Export Processing Zones (EPZs). The development of infrastructure, the establishment of clear legal frameworks, and the implementation of favorable conditions to attract investors are essential requirements. The study's findings indicate that the establishment of KP's Special Economic Zones (SEZs) and Export Processing Zones (EPZs) has the potential to enhance Foreign Direct Investment (FDI), generate employment opportunities, and foster overall economic growth.

Author Biography

Dr. Azhar khan, Dr. Asad Sarfaraz, Dr. Maimoona Saleem, Dr. Fazaila Shad, Farah Nadir, Muhammad Nisar

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Published

2023-12-09

Issue

Vol. 25 No. 2 (2023): Open Issue

Section

Articles (Peer-reviewed)

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