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Govt approves Karachi Industrial Park as federal special economic zone
The government has approved Karachi Industrial Park (KIP) as a federal Special Economic Zone (SEZ), aiming to attract export-oriented investment, promote technology transfer and generate employment. The approval was granted at the 11th meeting of the Board of Approvals (BOA) for SEZs, chaired by Finance Minister Muhammad Aurangzeb in Islamabad on Friday, according to a Finance Division press release. The board also approved general eligibility criteria for providing utilities and allied services to privately established SEZs through government funding, under the SEZ Act, 2012. The criteria est...
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