IN a promising move, Sindh Chief Minister Syed Murad Ali Shah has unveiled plans to activate the Special Economic Zone Authority (SEZA) to catalyze industrial growth within the province. This decision marks a significant step in the right direction to addressing industrial and economic challenges.
For years, our economic discourse has been punctuated by discussions of SEZs under the China-Pakistan Economic Corridor (CPEC). Yet, tangible progress has often lagged behind these lofty promises. The provincial government’s initiative to activate SEZA and streamline its operations is a critical response to this sluggish momentum. By focusing on facilitating investment, improving infrastructure and appointing skilled professionals to manage the SEZs, the Sindh government is apparently moving towards overcoming previous hurdles and unlock the potential of these economic zones. The significance of this development cannot be overstated. The activation of SEZA and the enhancement of SEZs are not mere administrative changes—they are foundational to driving industrial growth in Sindh and, by extension, Pakistan. SEZs hold the potential to transform the industrial landscape by offering dedicated infrastructure, streamlined processes and investor-friendly environments. Such zones are crucial not only for attracting foreign direct investment but also for nurturing local industries. Increased industrial activity translates into expanded export capacities, which is essential for improving trade balance and economic stability. The development of SEZs can pave the way for the production of high-quality goods which can compete in international markets and generate much-needed foreign exchange. Additionally, the boost in industrial output will create job opportunities for the youth. In our view, the engagement with the Pakistani Diaspora should be a pivotal aspect. Overseas Pakistanis have long been a source of remittances. By actively involving them in SEZ development, the Sindh Government can harness their capital and expertise to drive industrial growth. This will also inspire confidence among other international investors, signalling that Pakistan is a viable and attractive investment destination. However, it is imperative that both the federal and provincial governments extend every possible facilitation to ensure the success of these SEZs.
