In pursuance of the MoUs signed in KP-China Roadshow held in Apri l2017, Khyber Pakhtunkhwa Economic Zone Development and Management Company (KPEZDMC) and China Road & Bridge Corporation (CRBC) signed a concessional agreement to develop the Rashakai Special Economic Zone (SEZ) in April 2019 and further signed a development agreement, with cost of worth $128 million, in September 2020. The prioritized SEZ was launched on May 28, 2021. CRBC and KPEZDMC plan to develop a 1000 acres of land to set up industries like textile, steel, agriculture, pharmaceutical, food and beverages.