Business

Govt to attract $3 billion investment in Dhabeji SEZ

Published by
Digital Desk

ISLAMABAD: The government has signed an agreement with Chinese and local investors for the establishment of the “Dhabeji Special Economic Zone” in Thatta.

The project is expected to attract 3 billion dollars in investment and create over 100,000 jobs. It is expected to serve as a key hub for both local and international investors, particularly Chinese Businesses.

The special economic zone will be established for economic revival under the second phase of the China-Pakistan Economic Corridor (CPEC) with the support of the Special Investment Facilitation Council (SIFC).

The Dhabeji Special Economic Zone will be completed under a Public-Private Partnership model, the state-run Radio Pakistan reported.

The zone’s strategic location near Karachi’s Ports will provide direct access to global trade routes, it read.

The SEZ aims to support industrial growth, increase exports, and enhance self-reliance in Pakistan’s economy, the statement read.

Digital Desk

Recent Posts

When will Safar moon be sighted? SUPARCO predicts

ISLAMABAD: According to Pakistan Space and Upper Atmosphere Research Commission (SUPARCO), the new moon of…

49 minutes ago

11 died as house collapses in Kohat after heavy rains

KOHAT: A residential house collapsed due to heavy rain in the Malgin area of ​​Lachi…

1 hour ago

Alternative to the Strait of Hormuz Ready: UAE Decides to Build New Port

ABU DHUBAI: The United Arab Emirates has prepared a plan to establish a new multi-purpose port…

1 hour ago

Afghan Women’s refugee team could Play International matches by 2030

DUBAI: The International Cricket Council (ICC) is considering plans that could allow the Afghan women's…

2 hours ago

US-Iran tensions spark fears of fuel price hike in Pakistan

ISLAMABAD: Escalating tensions between the United States and Iran have once again unsettled global oil…

2 hours ago

ICC Arbitration Puts Pakistan’s Energy Sector Under Pressure

ISLAMABAD: Pakistan's energy sector is headed for another high-stakes international commercial arbitration, with Petrosin CNG…

3 hours ago