Remaining PSM land: Centre, Sindh agree to establish SEZ

KARACHI: Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Industries and Production Rana Tanveer on Tuesday discussed the revival of the Pakistan Steel Mill plan and the establishment of a Special Economic Zone (SEZ) on the remaining land.

The meeting was attended by Provincial Minister Industries Jam Ikarm Dharejo, Chief Secretary Asif Hyder Shah, PSCM Agha Wasif, Secretary Industries Yasin Shar, and the Federal Minister was assisted by Federal Secretary for Industries Saif Anjum and his team, according to a CM House communique on Tuesday.

The chief minister said that the proposed Special Economic Zone project was discussed in the cabinet on May 30, 2024. He added that his cabinet proposed the federal government establish the Special Economic Zone (SEZ) on the extra land of Pakistan Steel Mill.

PSM: Sindh govt must become part of solution

CM Murad Shah said that his cabinet was of the view that the 700 acres of land earmarked for the Pakistan Steel Mills plant should be kept intact for the revitalisation of the Steel Mills Plant or setting up a new Steel Mill, any additional requirement of land for the purpose should be worked out mutually.

At this, Federal Minister Rana Tanveer proposed that the Federal Government was ready to allow the Provincial Government to revive the old steel mill plant or install a new one on its 700 acres.

Sindh CM said that the 4,840 acres of land may be utilized to set up SEZ for the federal and provincial government. Rana Tanveer said that the federal government from its resources would start developing the SEZ to be given to Chinese investors.

Murad Shah said that the SEZ was located close to the sea, and its infrastructure was in place along with necessary water and gas facilities. He added that these facilities would be enough to make the SEZ one of the best zones in the country.

The provincial and federal governments agreed to complete the paperwork at the earliest so that the zone could be established promptly.

The Special Economic Zone would generate employment opportunities and contribute to the country’s economy.