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Govt to set up special economic zone

The government is likely to set up a Special Economic Zone (SEZ) to speed up local and foreign investments in the country, sources at Board of Investment (BoI) told The New Nation yesterday. A senior official of Board of Investment said that the Council of Advisers of the caretaker government last month approved in principle the creation of a SEZ. He said the office of the Chief Adviser is now scrutinizing the final draft of a proposed "Special Economic Zone Ordinance-2008", under which a Special Economic Zone Authority would be established.

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