NLC and Sindh Board of Investment sign MoU for setting up Logistics Park in Dhabeji
KARACHI: Sindh Board of Investment (SBI) and National Logistics Cell (NLC) have signed a memorandum of understanding (MoU) to collaborate and promote the creation of a Logistics Park within the proposed China-Pakistan Special Economic Zone (SEZ) in Dhabeji-Thatta.
The MoU was signed by NLC Director General Major General Mushtaq Ahmed Faisal and SBI Chairperson Ms Naheed Memon. Through this agreement both sides will actively carry out the engagements for establishment of the Logistics Park, in accordance with the master plan and feasibility study of the China-Pakistan SEZ Dhabeji.
Under the agreement, the SBI will promote and extend possible facilitation to NLC for its role as Logistics Park Management Organization with the collaboration and partnership of foreign commercial enterprises and designated Chinese enterprises. On the occasion Ms Memon said that China-Pakistan Economic Corridor has opened the doors of accelerated economic activity, logistics is an essential and a big part of it.
The zone was approved as part of CPEC last December. The NLC director general said that Special economic zones have an important role in industrial development and are our assets.