Karachi Industrial Park gets federal SEZ status

The federal Board of Approvals for Special Economic Zones has granted Karachi Industrial Park federal SEZ status, following a decision at its 11th meeting chaired by Finance Minister Muhammad Aurangzeb. The designation is intended to draw export-focused industrial investment, support technology transfer and value addition, and create jobs. The source did not specify a project timeline or investment amount.

The board also endorsed rules for considering government-funded roads, utilities and related facilities up to the entry point of privately developed zones, with each case to be assessed separately. Separately, it approved a land-lease policy for public-sector zones and industrial estates in Punjab, designed to enable longer leases, lower initial land costs and better use of publicly held industrial land. Together, the decisions address infrastructure access and land arrangements for industrial development.