Karachi to get new industrial zone

Author:

KARACHI: Director General Karachi Development Authority (KDA) Syed Shujaat Hussain said that a new industrial zone will be established in the Surjani area after more than 30 years in Karachi.
Speaking as a chief guest at the Federal B Area Association of Trade and Industries (FBATI), he said that the industrial zones will accommodate new industrial units in state-of-the-art structurer, providing essential infrastructure and utilities to industries to cater to Small and Medium Enterprises (SMEs). The planned industrial zone will be called the Surjani industrial zone, which will generate economic activities and jobs for the residents of Karachi.
DG KDA added that the Surjani industrial zone will be developed within the next three years that will also develop the adjacent residential societies. More than 500 plots, ranging from 500 to 2,000 acres, will be available through a private developer to set up industrial units, he added.
President Federal B Area Association of Trade and Industries (FBATI) Syed Raza Hussain highlighted the issues and challenges facing industries and industrial zones in Karachi due to dilapidated infrastructure and rampant.
He said that major roads and intersections of industrial zones should be developed to maintain the smooth flow of cargo and passenger traffic. On the other hand, authorities should also remove encroachments within the industrial zones and road sides on an immediate basis.
He pointed out that the lack of facilities, including water availability, is hurting economic activities in Karachi and causing industrial units to relocate from Karachi to different cities in Punjab.
CEO FITE Babar Khan suggested that the KDA should appoint a focal person to address the issues of industrialists. He added that a one-window mechanism should be set up at the KDA for immediate resolutions of issues.

Share
Leave a Comment

Recent Posts

  • Business

PSX witnesses bullish trend, gains 158 points

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 158.08…

8 hours ago
  • Business

ADB lauds comprehensive reforms, reaffirms continued support

The President, Asian Development Bank (ADB), Masatsugu Asakawa here on Monday lauded the government for…

8 hours ago
  • Business

Sui Southern Gas Company appoints Amin Rajput as acting CEO, MD

The Board of Directors (BoD) of Sui Southern Gas Company Limited (SSGCL), Pakistan’s premier natural…

8 hours ago
  • Business

Investment Talks: Gunvor, Total Energies meet PM

Gunvor Group Torbjorn Tornqvist Chairman and Vice Oceania & Southeast Asia Total Energies President Mehmet…

8 hours ago
  • Business

Rupee gains 4 paisa against dollar

Pakistani rupee on Monday appreciated by 04 paisa against the US dollar in the interbank…

8 hours ago
  • Business

Gold rates up by Rs 1,700 per tola to Rs 268,000

The per tola price of 24 karat gold increased by Rs.1,700 and was sold at…

8 hours ago