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Sindh to have two more industrial parks with SEZ status under SEZ act 2012 - Press Note issued by Sindh Information Department
[July 23, 2014]

Sindh to have two more industrial parks with SEZ status under SEZ act 2012 - Press Note issued by Sindh Information Department


(Pakistan Official News Via Acquire Media NewsEdge) July 23, 2014 (PPI-OT) Following is the text of press note issued by Sindh Information Department Quote The Government of Sindh under the visionary leadership of Syed Qaim Ali Shah, Chief Minister Sindh has been able to get the SEZ status for two more industrial zones in the province namely Korangi Creek Industrial Park and Bin Qasim Industrial Park during Second Meeting of Approval Committee of Board of Investment under SEZ Act 2012.



The meeting which was chaired by Dr Mifta Ismail, Chairman Board of Investment and Special Assistant to the Prime Minister of Pakistan unanimously approved both the applications which were submitted by the Government of Sindh on 22nd of July 2014.

It is also mentioned here that being the Chairman of Special Economic Zone Authority, Sindh Syed Qaim Ali Shah Chief Minister Sindh had earlier approved the above two Industrial Zones to be recommended to Board of Approvals, Islamabad for the award of SEZ Status which will guarantee the benefits that are offered under the SEZ ACT 2012.


The main fiscal benefits under the act of 2012 ensure a corporate tax holiday of ten years for investors and developers as well as duty free import of capital goods and machinery. The Korangi Creek Industrial Park is being developed on 240 acres of land that is located in sector 38 of Korangi Industrial Area, Karachi.

The estimated project cost is Rs.3.8 billion. The project is visualized to bring PKR 20 billion direct investment and contribute PKR 40 billion to GDP and generate direct employment for 30,000 individuals. The park is divided into two zones: a low density zone for industries and a high density zone for commercial sectors.

The low density zone will include industrial units of food and pharmaceuticals, garments and textiles, light engineering, packaging and printing, warehousing and logistics. The high density zone will exclusively promote information technology, gems and jewellery and other ancillary and allied sectors. The Bin Qasim Industrial Park (BQIP) is spread over an area of 930 acres near Port Qasim, adjacent to Arabian Sea Country Club, Bin Qasim Town, Karachi. The estimated cost is Rs.9.8 billion.

The project is envisioned to fetch PKR 50 billion direct investment, contribute PKR 100 billion to GDP and generate direct employment for 50,000 individuals. The project has been designed to cater to the needs of medium and large-scale entrepreneurs aspiring to invest especially in the engineering sector and the steel industry of Pakistan. The proposed industrial clusters under the zone include engineering and equipment, chemicals and food, logistics and consumer goods.

The engineering and equipment cluster includes auto vendors, foundries and steel fabricating units; the chemicals and food cluster consists of pharmaceuticals, food and beverages and chemicals, while consumer goods include plastics, electrics and consumer electronics.

It is worth mentioned here that Sindh is the only province which will have three Industrial Zones with SEZ Status as the Federal government had already awarded the SEZ Status to Khairpur Special Economic Zone (KSEZ) which is the First Industrial Park in the country to have been awarded the SEZ Status under the Act of 2012.

It is hoped that with this status to more SEZs, the economic activity in the province will get a booster for more job creation, support poverty alleviation and uplift the socio economic conditions for people. The meeting was also attended by Mr. Muhammad Riazuddin, Director General, SBI, Dr. Raania Ahsan, DG, Board of Investment, Islamabad Mr. Abdul Azeem Uqaili, Director Projects, SBI and other stake holders from all provinces.

For more information, contact:Sindh Information DepartmentOffice of the Government of SindhLarkanaRegional director informationGul IsrarPhone No: 0749410393/0749410381E-mail Address: [email protected] Unquote

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