Pakistan granted federal Special Economic Zone status to Karachi Industrial Park and introduced fresh measures to assist industrial investment, upgrade infrastructure, and encourage efficient industrial land use during an October 23, 2026 session.
Finance Minister Muhammad Aurangzeb led the 11th session of the Board of Approvals for SEZs, during which members cleared three major steps to back industrial growth and export-focused manufacturing.
The board formally cleared the submission from Karachi Industrial Park for federal SEZ designation.
Government to Fund Infrastructure for Private SEZs
Officials additionally cleared standard qualification rules to supply utilities and associated services up to the specified zero point of privately run SEZs via state financing pursuant to the SEZ Act, 2012.
This system permits applications for road connections, utilities, and other vital infrastructure to be evaluated individually.
Punjab Approves New Industrial Land Lease Policy
The panel endorsed a land lease framework covering public-sector SEZs and manufacturing zones throughout Punjab.
The framework seeks to boost industrial funding via extended leasing terms, lowering initial land expenses and encouraging better utilization of state-owned industrial property.
It additionally works to draw capital toward vital manufacturing fields and growing industries featuring high export capabilities.
