In a significant move to boost exports and revive industrial activity, the government has announced plans to establish a large Export Processing Zone (EPZ) on 6,000 acres of land at Pakistan Steel Mills.
According to official sources, the proposed EPZ aims to attract foreign and local investment, create thousands of jobs, and enhance Pakistan’s export capacity. The zone is expected to host industries such as manufacturing, steel-related units, engineering, textiles, and value-added export businesses.
The Pakistan Steel Mills site, which has remained largely non-operational for years, is now being repositioned as a strategic economic asset. Officials say the project will be developed in phases, with modern infrastructure, tax incentives, and investor-friendly policies.
Economic experts believe the initiative could play a crucial role in reviving Karachi’s industrial landscape, increasing foreign exchange earnings, and supporting long-term economic stability.
Further details regarding timelines, investment incentives, and regulatory frameworks are expected to be announced soon.
