Pakistan decides to expand Karachi industrial park for export industries
Pakistan announced a decision to expand Karachi Industrial Park to support export-oriented industries and investment, with facilitation from the Special Investment Facilitation Council.
Pakistan has decided to expand Karachi Industrial Park to support export-oriented industries, investment and employment, Radio Pakistan reported on 6 October. The report said the initiative would proceed with facilitation from the Special Investment Facilitation Council (SIFC).
The Federal Special Economic Zone Authority is to establish and oversee the park, according to the report. No land area, investment amount, job total or completion timetable was provided, so the announcement describes a decision and institutional arrangement rather than achieved production or exports.
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The initial scope covers vehicle licensing services through a single conversation.
Source: Emirates News Agency (WAM)
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