Economic Zones around Karachi gives tremendous opportunities of business & jobs

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Construction of China-Pakistan Economic Corridor (CPEC) & Special economic zones is a catalyst for Pakistan’s industrialization.

Besides, economic growth, people would also see millions of jobs opportunities through industrialization of these Industrial Special Economic Zones.

At a meeting of 7th Board of Approvals (BoA) of the Board of Investment (BoI) chaired by the Prime Minister Imran Khan, the SEZ Zone Enterprise Admission and Sale of Plot Regulations 2020 as well as the SEZ MIS Module designed by the BOI to facilitate investors to gain admission in SEZs were approved.

“The economic activities generated by SEZs will create employment opportunities for the locals,” said Advisor to Prime Minister on Trade and Investment Abdul Razak Dawood.

“This will improve the transparency of allocation of plots in various SEZs by BOI,” said Dawood.

1. Dhabeji Special Economic Zone (DSEZ) @ Thatta

Dhabeji SEZ has a greater significance given its geographic and strategic location. It has easy access to Port Qasim, enabling raw material import and finished goods exports without incurring major inland transportation cost and saving time. Easy access to Karachi Airport will enable safe travel of foreign workers and management personnel. The direct access to the National Highway will enable the transportation of goods to upcountry and Central Asian nations utilizing the National Trade Corridor.

The Sindh government has allocated 1,530 acres of land being developed as the Dhabeji Special Economic Zone (DSEZ) in Thatta near Karachi. A Priority Project under the China-Pakistan Economic Corridor (CPEC) will facilitate the potential investors of China and other countries to either start new enterprises or transfer their facilities to Pakistan.

DSEZ in Thatta as the priority project under China Pakistan Economic Corridor (CPEC) will facilitate the potential investors of China and other countries to either start new enterprises or transfer their facilities to Pakistan.

Chinese have been expressing their interest in Dhabeji Special Economic Zone. Additional land is being acquired for Hub Industrial Zone.

Similarly, income tax exemption would also be given for the enterprises for 10 years for units starting production by 30-06-2030, and five year for the units starting production thereafter.

The DSEZ is being developed on a public-private partnership basis with an investment of over $50 billion. The project will generate over 50,000 job opportunities for skilled and unskilled youths.

Expecting to attract $1 billion in investments, the Sindh government announced February 9, 2021 as the last day to submit bids for developing $120 million Dhabeji Special Economic Zone (DSEZ), while agreement would be signed on March 09, 2021 in the light of recommendations by the Evolution Committee.

Spread over 1,530 acres, the SEZ would be developed in two phases – 750 acres in 30 months and then on 780 acres in 24 months. “The lease period is 50 years and tax holiday is five years. The minimum floor price was fixed at Rs20 million/acre.”, SEZMC CEO Abdul Azeem Uqaili said.

It is being built in a public-private partnership mode on the design, build, finance, operate and transfer (DBFOT) basis.

The minimum commitment from bidders for the development would be minimum 100 acres, he added. The SEZ would hold diversified industrial clusters including steel-foundries, automotive and auto parts, chemical and pharmaceuticals, consumer electronics, textile and garments and fast moving industrial goods.

The federal government has already approved funds of around Rs4.3 billion to construct a dedicated grid for the SEZ, which would provide up to 250MWs of power at zero point of the project, to be completed by 2023.

Number of initiatives have been taken for the infrastructure development and provision of utilities at the site. A direct access road around 8km connecting Port Qasim to Dhabeji Zone being developed by the Government of Sindh which is expected to complete by fourth quarter of 2022. Similarly, 10 million gallon water per day (MGD) connection is being provided by the provincial government through dedicated water line by KW&SB. 250 MWs electricity is being provided at the doorstep through a dedicated 220/132/11 KV grid station which will be completed by the federal government by the fourth quarter of 2023. A gas connection of 15 MMCFD is also being given at the doorstep through a dedicated line by the federal government through SSGC. It will be completed by the 2nd quarter of 2022.

A dedicated cargo deck connecting the zone with ML-1 from Dhabeji Junction has been envisaged.

2. Siddiqsons Tin Plate Special Economic Zone @ Hub

During the 7th Board of Approvals (BoA) of the Board of Investment (BoI), the status of Sole Enterprise SEZ was awarded to Siddiqsons Tin Plate, extending all tax incentives and exemptions to the “Siddiqsons Tin Plate Special Economic Zone” at Hub, Balochistan and Service Long March Tyre Special Economic Zone at Jamshoro.

3. Service Special Economic Zone @ Nooriabad, Jamshoro

Sindh Chief Minister Syed Murad Ali Shah has approved the establishment of two more special economic zones in the province. These zones include the Service Special Economic Zone near Karachi. The Services Industries Limited have collaborated to set up a mega production facility for the manufacturing of tyres to serve the progressive demand for the domestic market as well as for exports to other countries. The targeted production capacity is said to be 2.4 million tyres per annum. It will be set up on land measuring 50 acres in the SITE Nooriabad, Sindh. The project will export around 85 per cent of the total production capacity to other countries all over the world.

4. Bholari Special Economic Zone @ Thatta

The Chief Minister also endorsed the applications for the SEZ status for the Bholari Special Economic Zone, which is Pakistan’s first private sector SES situated in Bholari area in District Thatta on the M-9 Motorway (Karachi-Hyderabad).

5. Industrial Park @ Naushahroferoze

The CM Sindh was apprised of the SEZ status for Naushahroferoze Industrial Park. An industrial park primarily based on agro-food is being developed in the Naushahroferoze district. The purpose of establishing an industrial park is to excel the agro-based industrialisation in the province as per international standards.

6. Gwadar Port

People of Sindh & Balochistan will also get tremendous benefits from Gwadar Port. Gwadar Port will not only promote the economic development of Balochistan Province and even the whole country of Pakistan, but also become the nearest sea port for Afghanistan, Uzbekistan, Tajikistan and other Central Asian land-locked countries, which will connect these countries with Sri Lanka, Bangladesh, Oman, UAE, Iran and Iraq, and even with China’s Xinjiang and other western provinces.

Gwadar Port will become a transit port for regional transhipment, storage and transportation. Gwadar Port has 40 years Tax Exemption.

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