Gilgit-Baltistan to Get New 250-Acre Industrial Zone

The Special Investment Facilitation Council (SIFC) is spearheading the establishment of a new 250-acre industrial zone in Gilgit-Baltistan, the Maqpondass Special Economic Zone (SEZ). The project seeks to attract investment, generate employment, and promote local industries. Developed through a public-private partnership, the zone will concentrate on sectors aligned with the region's strengths, such as agro-processing, minerals, handicrafts, and wood-based products.

Situated close to China, the SEZ holds the potential to offer lucrative opportunities for commercially viable industries, enhance regional connectivity, and spur growth in export-oriented and resource-based businesses. The SIFC is working in tandem with relevant stakeholders to facilitate the zone's development and establish a conducive environment for investors.

The council intends to link emerging investment destinations with both domestic and international investors. The initiative is anticipated to bolster local economic activity, increase employment, enhance value addition, and draw investment into Gilgit-Baltistan.