The government is moving to unlock Pakistan Steel Mills (PSM) land for export-led growth, with plans underway to establish a new Export Processing Zone (EPZ) on 6,000 acres of land at PSM.
Secretary Industries and Production Saif Anjum disclosed the development on Saturday, during a high-level “Consultative Session with Stakeholders on Export Performance” at Federation House, Karachi, read a statement.
Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), hosted the session, which was chaired by the Federal Secretary for Commerce, Jawad Paul, and attended by key government officials, including Saif Anjum, senior TDAP officials, and stakeholder trade bodies.
RRAD MORE: Pakistani meat exporter commences operations at Karachi EPZ plant
In his welcome address, Ikram Sheikh, President FPCCI, emphasised that export enhancement lies at the very heart of Pakistan’s economic stability and growth. He appreciated the Ministry of Commerce’s leadership in engaging with the private sector to address on-the-ground realities.
Sheikh elaborated that FPCCI firmly believes that sustainable export growth can only be achieved through close coordination between policymakers and the business community.
He highlighted that while Pakistan’s exporters are resilient and innovative, they currently face multiple challenges, including the high cost of doing business, energy constraints, access to finance, market diversification, and compliance with international standards.
FPCCI president also pointed out immense opportunities in value-added manufacturing, services exports, IT, and agro-based industries.
The session concluded with remarks by the Chair, Jawad Paul, following detailed sector-wise discussions and recommendations, who agreed with the issues like the lack of regionally-comparative cost of energy and the need for facilitative taxation measures to the exporters.
Comments