Incentives for industrial park near finalisation

Federal Minister for Economic Affairs Ahad Cheema reviewed progress on Karachi Industrial Park at a meeting held on Thursday. The discussion focused on a proposed land lease model and incentive package that were close to being settled ahead of the project's planned early opening. According to The Express Tribune, the government wants the park running as soon as possible.

Cheema stressed that land allocation and concessions must be tied to clear export commitments, so the park adds real value to exports. He said the project should fit wider national aims, including export growth, industrialisation and productive use of land. Officials presented options to prioritise firms likely to ship more than 50% of their output overseas, with the framework aimed at businesses whose output is mainly for export.