Pakistan to establish 150-acre auto processing zone at Port Qasim
Pakistan plans to establish an automotive processing zone on 150 acres at Port Qasim, Karachi, with the facility to be expanded in phases according to market demand, announced Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Wednesday. The decision was taken at a meeting attended by Port Qasim Authority (PQA) Chairman, Rear Admiral (Retd) Syed Moazzam Ilyas and members of…
Pakistan plans to establish a 150-acre automotive processing zone at Port Qasim in Karachi, with the facility set to expand in phases based on market demand. The project, led by Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry, aims to create an integrated platform for vehicle import, refurbishment, display, and export through an Import-Refurbishment-Export (AIRE) framework.
The proposed zone will feature 264 operational units across five segments, including commercial units, refurbishment workshops, car display units, machinery yards, and auto spare-parts units. It is expected to generate an annual net foreign exchange surplus of around $200 million, with potential benefits for regional vehicle trade due to its location along the Arabian Sea shipping corridor.
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