Karachi – The federal government is planning to establish a massive 10,000-acre industrial zone on the outskirts of Karachi, revealed Federal Minister for Commerce Dr. Gohar Ejaz during a visit to the Federation of Pakistan Chambers of Commerce and Industry (FPCCI).
The proposed special economic zone is expected to boost Pakistan’s exports by $100 billion over the next five years and create three million jobs in Karachi alone, the minister claimed.
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He urged the business community to partner with the government’s economic agenda to increase profits and spur growth. Dr. Ejaz also called for appointing eminent economists to FPCCI’s advisory board to deliberate on the country’s economic challenges and recommend policies.
Punjab’s caretaker Commerce Minister SM Tanveer emphasized the need for FPCCI to create a robust research and development framework where proposals can feed into federal and provincial policies on SMEs, infrastructure, trade, fiscal, industrial and monetary matters.
If implemented successfully, the ambitious industrial zone project could transform Karachi into a major manufacturing and export hub and boost job creation. However, critics argue proper infrastructure and business facilitation will be key to attracting investors and realizing the zone’s potential.
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