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Special Economic Zones (SEZs) in Pakistan are areas designated by the government of Pakistan to promote industrial growth and attract investment. In Pakistan, the SEZ Act was established on 13 September 2012, alongside the subsequent notification of SEZ Rules within the same year.
The Pakistan Export Processing Zone Authority (EPZA) is an autonomous body established under the administrative control of the Ministry of Industries and Production (Pakistan). It is in charge of organizing, creating, and managing Export Processing Zones (EPZs) around the nation and functions in accordance with the EPZA Ordinance 1980. In order ...
Free-trade zones can also be defined as labor-intensive manufacturing centers that involve the import of raw materials or components and the export of factory products, but this is a dated definition as more and more free-trade zones focus on service industries such as software, back-office operations, research, and financial services.
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increased investment, job creation and effective administration.
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
Other economic zones include the China-Pakistan economic zone open only to Chinese investors in Gwadar, Pakistan. There are talks of creating a Japanese city for investors from Japan only. There has been new SEZ proposed on the under-construction Sialkot-Lahore motorway; Qatar has proposed an investment for $1 billion in a new SEZ along the ...
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To link Ormara, Pasni and Gwadar with the rest of Pakistan's national highways network; To develop the seafood industry along Pakistan's coastline by reducing the time and costs involved in transporting fresh seafood from seafood catchment areas to major cities in Pakistan as well as export processing zones in Karachi and Gwadar