Pakistan to hand over Karachi Industrial Park to China to Boost SEZs

ISLAMABAD (PEN) : The Pakistani government is moving to boost investment appeal in its Special Economic Zones (SEZs) by transferring control of the Karachi Industrial Park (KIP), located on Pakistan Steel Mills land, to China. Spanning 1,500 acres within the vast 19,000-acre steel mill site, KIP is one of nine SEZs under the China-Pakistan Economic Corridor (CPEC). This initiative, approved by Prime Minister Shehbaz Sharif, aims to attract foreign investment by adopting international standards. Federal Minister Abdul Aleem Khan has emphasized the need for enhanced infrastructure and policy reforms to support industrial growth in Pakistan’s 21 SEZs, with notable ones across Sindh, Punjab, and Khyber Pakhtunkhwa.