7. The functions of the Authority shall be-(a) to take possession of land to be acquired or requisitioned by the Government for the purpose of creation and development of a zone; ¹[(b) to allot land and building-spaces in a zone to investors on sale, lease or on rent and to allow them to mortgage the allotted lands for raising loan from financial institutions or commercial banks;](c) to provide infrastructure facilities, including buildings, utilities and warehouses; ²[(d) to process applications for setting up of industries within a Zone and accord sanction in accordance with the guidelines given by the Government from time to time;](e) to provide customs bonded facilities in accordance with customs regulations for importation into a zone of building materials for construction purposes and packaging materials, raw materials and intermediate goods for the purpose of processing for exports;(f) to allow import of raw materials or semi processed or other goods required for use in the zone and export of semi processed, processed or other goods to be specified by the ³[Board] in such manner as may be prescribed;(g) to assist in transportation of imported raw materials and intermediate goods in bonded condition and export of finished products;(h) to provide necessary banking facilities within the zone in consultation with the Bangladesh Bank;(i) to establish liaison with the port, municipal and other authorities to make arrangement for transportation of imported raw materials and intermediate goods on bonded condition and for export of finished products;(j) to sanction employment of foreign nationals in accordance with the guidelines given by the Government from time to time, to posts for which local expertise is not available for efficient running of the industries in a zone; ⁴[(jj) subject to the approval of the Government, to enter into any contract or agreement of any kind for the purposes of this Ordinance;] (k) to do such other acts and things as may be necessary to be done in connection with, or conducive to, the performance of the aforesaid functions.