Special Economic Zones to revolutionize industrial & economic growth of Pakistan

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The construction of China-Pakistan Economic Corridor (CPEC) and special economic zones is a catalyst for Pakistan’s industrialization.

CPEC is promoting the transfer of China’s manufacturing industry to Pakistan and pushing Pakistan’s development onto a fast track.

So far, remarkable success has been achieved in the CPEC development. The construction of corridor projects is progressing well. In the first phase, 90% of the 22 major projects have been completed and put into operation, and the rest will be completed within a few months.

The Pakistani government has recently approved the upgrading and reconstruction of the 1726 km long ML-1 trunk railway under the CPEC framework.

After this project is completed, the new railway system will play an important role in the transportation of goods and passengers.

Similary, 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.

Chief Minister of Pakistan’s northwest Khyber Pakhtunkhwa province Mahmood Khan on Wednesday inaugurated the Jalozai Economic Zone in Peshawar, capital of the province.

Sprawling over an area of 257 acres, the major industries in the Jalozai Economic Zone are expected to be pharmaceuticals, food processing, construction, marble and granite, ceramics and wood with a potential to generate 10,000 direct and over 41,000 indirect jobs, according to the Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC).

Moreover, 1000 acres Rashakai Special Economic Zone (REZ) is located near M-1 Nowshera and set to be established in Khyber Pakhtunkhwa (KP).

Chairman CPEC Authority Asim Saleem Bajwa said: “Applications are being received for investment in Allama Iqbal Industrial City, Faisalabad’s Special Economic Zone while Chinese have been expressing their interest in Dhabeji Special Economic Zone. Additional land is being acquired for Hub Industrial Zone”.

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.

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.

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.

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.

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).

Moreover, Industrial Economic Zone in Islamabad, spanning over the area of 200-500 acres. Identification of land under process. The investments in ICT Zone are mainly focused on high -tech industry, IT, Pharmaceutical & Chemicals, Printing and Packaging, Light Manufacturing, & Food Processing.

Minister for Science and Technology, Chaudhry Fawad Hussain has reiterated his commitment towards making Pakistan a technology superpower in the next ten years. He said the projects of Made in Pakistan have been adopted by the Ministry of Science and Technology as per the vision of the Prime Minister.

The Minister said in the next phase, Health City Faisalabad will be established on 200 acres of land while Science & Technology Special Economic Zones are being set up in Lahore, Karachi and Islamabad.

Similarly, the Balochistan industries department had already completed and submitted the feasibility study of Bostan SEZ. An application seeking Bostan SEZ notification as per SEZ Act, 2012, is currently “under evaluation by the Board of Investment (BoI)”, according to the document.

The Hub SEZ would be set up on a total area of 406 acres in the area of Lasbela district with the capacity of 100 new industrial units is aimed at creating ample job opportunities for locals.

Moreover, Mirpur Industrial SEZ would be establish in Mirpur, for which 1,185 acres of land has already been identified. In the first phase, 571 acres of land will be acquired, while in the second phase, 614 acres of land will be purchased. Islamabad would be one of the city where IT zone would be established, alonwith Hattar, Faislabad & Rashakai.

Whereas, Moqpondass SEZ in Gilgit-Baltistan, naturally rich in precious stones, fruits. The proposed SEZ would be connected through nearest Airport 35KM, Sost Dry port 200KM, CPEC Route 4KM on Gilgit-Skardu Road. For the purpose, 250 acres have been acquired. This SEZ would comprise precious stones, mineral & fruit processing industries alongwith leather industry.

To accelerate the development and operations of SEZs, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) have decided to ensure gas supply to Rashakai SEZ in KP, Allama Iqbal Industrial City (AIIC) in Faisalabad, Dhabeji in Thatta, Sindh, and Bin Qasim Industrial Park under CPEC.

 

Launch of Sheikhupura’s “Quaid-e-Azam Business Park” Economic Zone held

 

Setting Up of ICT Model Industrial Economic Zone in Islamabad near New Islamabad Airport will commence soon

 

 

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