Govt completes SEZs survey, eyes enhanced investment

ISLAMABAD: The government has successfully completed a comprehensive survey of Pakistan’s Special Economic Zones (SEZs), utilising aerial and drone technology to provide a detailed assessment of resources and challenges within these industrial hubs.

The survey, which marks a significant step in identifying opportunities for economic growth, offers valuable insights into the current state of SEZs and lays the groundwork for future reforms to attract investment and enhance industrial development across the country.

Currently, Pakistan hosts 21 notified SEZs across the country, each designed to attract a range of investment opportunities. Notable hubs include Bin Qasim Industrial Park, Korangi Creek Industrial Park, and Khairpur SEZ in Sindh; Hattar SEZ in Haripur and Rashakai SEZ in Nowshera, Khyber Pakhtunkhwa, as well as M3 Industrial City, Value Addition City and Quaid-e-Azam Business Park in Punjab. Additional SEZs are also located in Punjab, Balochistan and Islamabad with the National Science and Technology Park, providing ample development prospects. On Wednesday, the findings were presented during a high-level meeting chaired by Federal Minister for Board of Investment, Privatization, and Communications Abdul Aleem Khan.

Khan announced a series of reforms aimed at making SEZs more attractive to investors. The minister highlighted that approximately 150 reforms are being introduced, focusing on environmentally friendly practices and aligning investments with the “Green Pakistan” initiative.

“Our aim is to ensure the relocation of industries from China into these SEZs as a priority,” said Aleem Khan. He also emphasized the need to attract investment from other countries, stating, “We are encouraging nations beyond China to explore and invest in Pakistan’s industrial zones.”

Aleem Khan announced plans to enhance connectivity between SEZs, particularly linking Karachi’s industrial zones to Port Qasim, to streamline operations and exports. He directed the Board of Investment (BOI) to ensure the availability of one-window facilities and robust security measures for investors. To further bolster foreign investments, the minister instructed Pakistani embassies abroad to strengthen communication with potential investors. He also proposed forming a group of foreign investors called the “Pride of Pakistan” to recognize their contributions. Additionally, he recommended arranging a meeting between these investors and Prime Minister to reinforce confidence in Pakistan’s economic prospects.