ISLAMABAD: The number of approved special economic zones has surged dramatically from seven to 44 in the second phase of China-Pakistan Economic Corridor (CPEC), including notification of 37 new SEZs through coordinated efforts led by the Board of Investment (BoI).

The increase in approval rate was revealed on Friday during a briefing on Pakistan’s engagement with China under the second phase of CPEC, with particular focus on SEZ-led industrialisation and Pakistan-China business-to-business (B2B) cooperation, which form the backbone of the upgraded CPEC framework.

The BoI serves as the lead Pakistani agency for the Joint Working Group (JWG) on Industrial Cooperation, with China’s National Development and Reform Commission (NDRC) as the counterpart lead agency. Since its........

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