ISLAMABAD: Minister of Commerce Dr Gohar Ejaz chaired a meeting at the Ministry of Commerce here on Wednesday to assess the current status of Special Economic Zones (SEZs) in Karachi.
The primary focus of the meeting was on the operational status of the Port Qasim Special Economic Zone, which is now ready for prospective investors.
The Port Qasim SEZ boasts comprehensive utility services, creating an ideal environment for businesses to thrive. A key agenda item centred around initiatives to enhance the skill set of the labour force in Pakistan. The Ministry of Commerce, in collaboration with other relevant authorities, plans to implement programs to improve the overall skill level of the workforce, with a particular emphasis on IT skills. This strategic approach aligns to boost IT exports and position Pakistan as a competitive player in the global IT industry.
During the discussions, Minister Gohar Ejaz highlighted the importance of diversification and growth, specifically addressing the establishment of a Special Economic Zone dedicated to the Information Technology (IT) sector. The IT SEZ is poised to play a crucial role in fostering innovation and technological advancement in Pakistan.
The minister reiterated the need for proper incentivisation of the public sector to ensure inclusive growth. He emphasised that sustained economic development requires a collaborative effort between the government and private sector, with appropriate incentives serving as a catalyst for progress.
The meeting was attended by key officials including Secretary of the Ministry of Commerce Sauleh Ahmed Farooqui, Secretary of the Ministry of Industries and Production Rashid Langrial, and Board of Investment Secretary Sohail Rajput.
Separately, Dr Bu Abdullah, chairman Bu Abdullah Investment Group UAE, met Commerce and Industries Minister Dr Gohar Ejaz to discuss opportunities for investment in Pakistan. The minister informed the group chairman about key areas where investment could bring handsome profits for the investors.
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