Chief Minister Sindh Syed Murad Ali Shah, presiding over two different meetings, has approved the establishment of two special economic zones in the private and public sector of the province and decided to hand over the possession of 1,535 acres of land to the authority for the formal launching of Dhabeji Special Economic Zone near Karachi.
The meeting was attended by Chief Secretary Mumtaz Shah, P&D Chairman M Waseem, PSCM Sajid Jamal Abro, Chief Home Secretary Usman Chachar, Secretary Investment Najam Shah, Secretary Finance Hassan Naqvi, Secretary Agriculture Rahim Soomro, Secretary Works Imran Soomro, CEO SEZMC Abdul Azeem Uqaili and others.
SEZA Meeting
The chief minister approved two applications under which two Special Economic Zones will be established.
The Services Industries Limited has collaborated to set up a mega-production facility for the manufacturing of tires to serve the progressive demand of the domestic market as well as export to other countries. The project cost is estimated to cost $250 million and the targeted production capacity is said to be 2.4 million tires per annum.
It will be set up on land measuring 50 acres in SITE Nooriabad, Sindh. The project will export 85 percent of the total production.
The chief minister approved the request for the establishment of a service special economic zone.
Chief Minister Sindh was also apprised of SEZ Status for Naushehro Feroze Industrial Park: an industrial park primarily based on agro-food which is being developed in Naushehro Feroze district. The purpose of establishing an industrial park is to excel the agro-based industrialization in the province as per international standards. The zone will cater to the trade and industrialization needs of the country. It will be established over an area of 80 acres.
The chief minister endorsed the applications for SEZ Status for Bholari Special Economic Zone, which is Pakistan’s first private sector special economic zone situated at the Bholari area in District Thatta on the M-9 Motorway (Karachi-Hyderabad).
Its objective is to promote industrialization in the country which will positively contribute towards strengthening the economy of Sindh and Pakistan as a whole. It will be established over an area of 282.5 acres with an investment of over Rs. 20 billion.
DSEZ meeting
Chairing another meeting of Dhabeji Special Economic Zone (DSEZ), the chief minister directed the Board of Revenue (BoR) to hand over the possession of 1,535 acres of land to DSEZ so that the development of the zone could be started.
The Sindh government has allocated 1530 acres of land being developed as Dhabeji Special Economic Zone (DSEZ) in Thatta near Karachi. A priority project under the China-Pakistan Economic Corridor (CPEC) will facilitate the potential investors of China and other countries to either start new enterprises or transfer their facilities to Pakistan.
The DSEZ is being developed on Public-Private Partnership with an investment of over $50 billion The project will generate over 50,000 job opportunities for skilled and unskilled youth.
The Chief Minister approved a future extension of 1,500 acres and directed the concerned authorities to speed up the work of water supply, infrastructure, and external network. Multiple bids have been received from the potential developers for the development of the Dhabeji Special Economic Zone and are currently under evaluation.
The Chief Minister directed BoR for immediate allotment of land to NTDC and construction of Grid at the doorstep of the zone. It is worth mentioning that the federal government has approved Rs. 3.94 billion for construction of a dedicated grid for this CPEC SEZ.
Only 2 economic zones? Punjab has just approved 13 economic zones.
lesser the kick backs less the zones