The Sindh government is developing two special economic zones in
Karachi to facilitate Chinese investors in setting up various
industries in collaboration with local businessmen. This was stated by
Syed Nasir Hussain Shah, Provincial Minister for Energy, Planning, and
Development on Saturday.
Speaking as the chief guest on Saturday at the 10th Beauty, Fitness,
and Consumer Health International Expo at Expo Centre Karachi, the
provincial minister highlighted that multiple industries are being
established in Karachi, the commercial hub of the country, mainly due
to shifts in global trade policies for China.
Several countries plan to end direct imports from China, but Chinese
products could still be indirectly imported via other countries,
particularly from Pakistan, which will be the preferred destination
for importers and exporters under the emerging trade opportunities.
Nasir Hussain Shah urged Pakistani businessmen to collaborate with
their Chinese counterparts to attract investment in various sectors
and enhance exports under the “Made-in-Pakistan” brand.
He further stated that the Sindh government is actively working with
different industrial zones in Karachi to develop their infrastructure
in line with specific plans and requirements. These zones have been
empowered with financial and administrative autonomy to establish
themselves sustainably, he said.
Highlighting the province’s achievements in energy, Nasir Hussain Shah
mentioned that the government had achieved a significant milestone in
power generation. A remarkably low tariff of 3.5 cents per unit has
been approved for the planned solar park, which is set to provide
affordable electricity to the residents of Karachi and Sindh in
different phases.
The provincial government is also working to further empower local
governments in Sindh to provide relief to the masses. A bill
addressing this is expected to be passed in the provincial assembly on
the directives of the party leadership, he added.
Nasir Hussain Shah mentioned the participation of foreign delegates in
the four-day exhibition reflects positive developments in the country,
particularly with the inflows of foreign investments.
On the occasion, Executive Director of Ecommerce Gateway Muhammad
Uzair Nizam remarked that the participation of foreign and local
delegates and businessmen showcases Pakistan’s positive image on the
global stage, attracting traders, investors, and tourists to the
country.
He also noted that business and economic activities are evolving from
traditional sectors to emerging industries such as beauty, fitness,
and consumer health. These sectors are creating significant
opportunities for investment and employment at both global and local
levels.
More than 2,000 renowned brands and 350 companies from seven
countries, including the USA, China, Korea, Iran, Turkey, and
Indonesia, are participating in the expo. The exhibition is expected
to attract 40,000 visitors and generate $20 million in revenue through
service exports, B2B deals, sponsorships, and tourism-related
activities.
The event aims to provide a platform for stakeholders, experts, and
consumers in Pakistan’s emerging healthcare, fitness, and wellness
sectors. It also seeks to introduce new beauty trends and innovations
to the Pakistani audience, thereby enhancing the country’s global
presence in these industries.
