Federal Minister for Industries and Production MakhdoomKhusroBakhtyaron Thursday said, “Karachi is the country’s largest industrial city where availability of industrial land has been a problem.”
The Ministry of Industries and Production has allotted 1,500 acres of land for Special Economic Zone, the minister said during his visit to National Industrial Park.
He said Special Economic Zone would provide one window operation to domestic and foreign investors.
Bakhtyar said Karachi Industrial Park will be established at a cost of Rs. 7 billion which will help boost the country’s industrial production and exports.
The Management of Pakistan Industrial Development Corporation on the occasion briefed the federal minister about Special Economic Zones. KhusroBakhtyar was told that 278.5 acres of land has been allotted for National Industrial Park.
A total of 22 domestic and foreign companies have invested in National Industrial Park. Later, Federal Minister for Industries and Production MakhdoomKhusroBakhtyar also visited Pakistan Steel Mill.