Karachi: In a significant development, the Sindh and Federal governments have agreed to establish a Special Economic Zone (SEZ) on the surplus land of Pakistan Steel Mills, while also focusing on revitalizing the existing steel mill facilities. This decision was reached during a meeting between Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Industries and Production Rana Tanveer at CM House.

According to Press Information Department, the discussion emphasized the dual strategy of both revitalizing the old steel mill and leveraging the additional land for economic development. The SEZ, to be developed on approximately 4,840 acres of land near the sea, is set to include modern infrastructure with accessible water and gas facilities, aiming to attract significant investment, particularly from Chinese investors. The project is seen as a pivotal move to boost employment and spur economic growth within the region.

Both governments have committed to expedite the necessary paperwork to ensure the swift establishment of the SEZ. Chief Minister Murad Shah also highlighted ongoing efforts to enhance the agro-economy and the industrial sector, with a particular focus on providing technical education to create a skilled workforce suitable for the growing industrial demands of the SEZ and other local industries.