Govt Approves Karachi Industrial Park as Federal SEZ to Boost Exports

The Board of Approvals for SEZs, chaired by Finance Minister Muhammad Aurangzeb, granted approval for Karachi Industrial Park (KIP) as a federal SEZ. This move aims to attract export-oriented investment, promote technology transfer, and generate employment, alongside approving criteria for utilities to private SEZs and a land lease policy for Punjab's public-sector industrial estates. These decisions reflect government efforts to facilitate industrialisation and improve the investment climate. While positive for long-term economic growth, this development is unlikely to have an immediate, significant impact on gold or USD/PKR rates.

بحوالہ / Source: www.brecorder.com