Sindh to have two SEZ’s

Syed Murad Ali Shah, Sindh Chief Minister, ruling over two different meetings permitted under the establishment of two special economic zones in private and public sector has decided to return the possession of 1,535 acres of land for formal debut of Dhabeji Special Economic Zone, near Karachi. Conducting the 3rd formal board meeting of Special Economic Zone Authority Sindh (SEZA), he approved two applications under which two Special Economic Zones would be proven. The first one is Services Special Economic Zone and second one is Bholari Special Economic Zone. Under first economic zone, the Services Industries Limited has team up to set up a mega production facility for the manufacturing of tyres to serve the liberal demand of the domestic market as well as export to other countries. The estimated cost is at $250 million and the beleaguered production capacity is supposed to be 2.4 million tyres per annum.The second zone, Bholari Special Economic Zone is Pakistan’s First private sector special economic zone, located at Bholari area in District Thatta on the M-9 Motorway (Karachi-Hyderabad), with objective to promote industrialization in the country .This will positively contribute towards consolidation the economy of the province of Sindh and Pakistan as a whole. It will be established over an area of 282.5 acres with an asset over 20 billion rupees.