Bill on ROZs in Pakistan introduced in US House

Administration welcomes move WASHINGTON: A bipartisan group of lawmakers has introduced legislation in the US House of Representative on creating Reconstruction Opportunity Zones in Pakistan and Afghanistan, a move the Bush Administration welcomed as supportive of efforts towards stimulating economic growth and achieving stability in the region. A similar bill on facilitating the preferential trade initiative was moved in the US Senate in March this year. Representatives Chris Van Hollen, Peter Hoekstra, Sander Levin, Mark Steven Kirk, Gary Ackerman, and Sheila Jackson-Lee are co-sponsors of the bill. Appreciating the move, the State Department hoped that by attracting private investment to these critically important areas through trade incentives, ROZs would make a valuable contribution to regional growth, prosperity, and... [read full story]