Govt. Allotted 1500 Acres Land For SEZ: Khusro
Faizan Hashmi Published September 09, 2021 | 07:10 PM
KARACHI, (UrduPoint / Pakistan Point News - 9th Sep, 2021 ) :Federal Minister Makhdoom Khusro Bakhtyar 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 1500 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.
Khusro 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.
Khusro Bakhtyar 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 Makhdoom Khusro Bakhtyar also visited Pakistan Steel Mill.
Minister said the government is going to privatise PSM in order to make it more profitable and to meet steel requirements of the county amid growing construction industry.
Khusro Bakhtyar said the government will soon formulate a comprehensive steel policy to revamp steel industry in the country.
Related Topics
Recent Stories
Today Gold Rate in Pakistan 27 April 2024
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
More Stories From Pakistan
-
Saudi ministry warns against fraudulent Hajj schemes; urges vigilance, official channels for booking
8 hours ago -
SC to take up 9 identical petitions regarding judges' letter
9 hours ago -
Woman committed suicide in Pindigheb
9 hours ago -
Teenage girl abducted in Hassanabdal
9 hours ago -
NTDC Super 8 Inter-Departmental Tape Ball Cricket Tournament concludes: GM (HR) team clinches the w ..
9 hours ago -
AJK President calls for overseas Kashmiris' proactive role to expose the Modi government's nefarious ..
9 hours ago
-
AJK-wide campaign begins to vanish black-tinted glasses to all sorts of vehicles
9 hours ago -
Islamabad to be digitalized as pilot project under national digitalization plan: IT Minister
9 hours ago -
HEC reviews curricula for environmental sciences degree programme
10 hours ago -
Heavy rains cause damage to Spezand-Taftan railway track
10 hours ago -
Documentary on life of Jamiluddin Aali screened at embassy
10 hours ago -
"Sindh Theater Festival 2024" commences in Larkana
10 hours ago