Sindh government has unveiled plans to establish new industrial zones across the province, primarily in Karachi. This initiative, part of a new industrialization policy, seeks to attract local and foreign investors, boost economic activity, and generate employment opportunities.
Industries and Commerce Minister Jam Ikramullah Dharejo announced the plan during a meeting with the business community at the Federal B Area Association of Trade and Industries (FBATI). He revealed that potential locations for the zones include Port Qasim, a major port city.
The government intends to allocate funds in the Annual Development Plan (ADP) to improve infrastructure within the existing seven industrial zones in Karachi. This will benefit existing businesses and incentivize new investment. Additionally, the government is streamlining the permitting process by introducing “one-window operations” for industrialists.
Furthermore, provincial departments like the Sindh Environmental Protection Agency, Stamp Duty, and EOBI will be directed to adopt a more cooperative approach and avoid hindering industrial activity.
Minister Dharejo emphasized the ongoing dialogue with the federal government to ensure a steady supply of natural gas and electricity for both residents and industries, a right guaranteed by the constitution.
The government will also explore public-private partnerships to establish combined effluent treatment plants in industrial zones, a requirement for exports to many countries.
FBATI President Syed Raza Hussain welcomed the initiative but stressed the need for ongoing collaboration with industrialists. He suggested regular meetings of the industry liaison committee to address challenges effectively.
Hussain highlighted the scarcity of industrial land in Karachi, a major hurdle in establishing new units despite high demand across various sectors. He urged the government to create an affordable financing scheme to assist industrialists who own land but lack capital for expansion.
Babar Khan, CEO of the Federation of Pakistan Chambers of Commerce and Industry (FITE), expressed interest from Chinese investors in setting up units in Karachi. However, concerns regarding inadequate facilities, poor infrastructure, and security issues are deterring investment.
Khan also noted that companies within Sindh are considering relocating to Punjab due to the availability of affordable land, abundant water resources, and established infrastructure.
The proposal to establish an industrial belt extending from Karachi’s outskirts to major Sindh cities is gaining traction. This belt, equipped with necessary infrastructure and utilities, could cater to industrial activity across the province and unlock its full potential.
