Govt to Expand Karachi Industrial Park to Boost Investment and Exports

The Pakistani government has announced plans to expand the Karachi Industrial Park with the aim of boosting industrial activity, investment, exports and employment in the city. This expansion is being spearheaded by the Special Investment Facilitation Council (SIFC), which is set to establish the Karachi Industrial Park as a major hub for export-oriented industries and investment.

To oversee the implementation of this ambitious project, a federal Special Economic Zone Authority (SEZA) will be created. A delegation from the Federal SEZA, led by SIFC Additional Secretary Sajid Qazi, recently met with Karachi’s business community. The purpose of this meeting was to address investors' concerns, discuss facilitation measures, and identify ways to overcome business obstacles.

SIFC facilitation is already creating new opportunities for industrial activity, investment and exports in Karachi, according to officials. The government's decision to expand the Karachi Industrial Park is expected to further enhance the city's position as a key player in Pakistan's economy.