KARACHI – On Saturday, the Sindh government announced the creation of a special economic zone following the signing of a memorandum of understanding with Chinese authorities. The project aims to attract $3 billion in investment and create over 100,000 jobs, with expectations of transforming the local economy.
This initiative is part of the second phase of the China-Pakistan Economic Corridor (CPEC), which focuses on industrial development through the establishment of such economic zones. While the first phase concentrated on infrastructure and energy projects, the second phase aims to foster industrial cooperation between China and Pakistan.
The Dhabeji Special Economic Zone (SEZ), being developed through a public-private partnership by the Sindh government, is strategically situated near Karachi’s ports, offering vital connectivity to regional trade routes, positioning it as a key industrial center.
Sindh Chief Minister Syed Murad Ali Shah remarked, “The Dhabeji SEZ is set to reshape Pakistan’s economic landscape,” highlighting its potential to drive industrial growth, reduce import dependency, enhance exports, and foster a self-sustained economy.
Syed Qassim Naveed Qamar, Special Assistant to the CM on Investment, emphasized the SEZ’s potential to generate over 100,000 jobs, promote value-added industries, and empower local communities through skills development.
The MoU signing ceremony was attended by Sindh Cabinet members, senior officials, and other dignitaries.
