Pakistan has offered a thousand land, without any price for the establishment of an dedicated export processing zone (EPZ) inside the Karachi Industrial Park.
For the first time, Prime Minister Shahbaz Sharif was presented during a meeting with Turkish President Recep Erdo ۔an in April 2025, which is designed to create a organized, investor -friendly environment and target bilateral trade worth $ 5 billion.
A high -level Pakistani delegation, comprising officials of the Foreign Office, Special Investment Facility Council (SIFC), Board of Investment (BOI), and Sindh Export Processing Zone Authority, recently touched a two -day visit to Istanbul and Ankara. The team, along with Turkey’s government counterparts and business leaders, is patching a game changer for Turkish manufacturers seeking to make the Karachi EPZ more efficient and efficient.
According to a national daily report, Pakistan invited Turkish authorities to visit Karachi Industrial Park, where an area of 1,000 acres has been specifically specified for Turkish. They are expected to visit soon and inform us of the dates soon.
During the meeting, Pakistani officials highlighted Karachi’s strategic location, strong infrastructure and closeness to the Middle East and Central Asian markets. The report added that “our message was clear, Karachi Industrial Park offers immense potential. Turkish companies transferred here can reduce the cost of export for exports in the region, less than 4,000.”
The delegation visited the Turkish EPZ in Istanbul and Ankara to study their operational models. With more than six decades of experience in the EPZ, Turkey has moved to a private -administered zone since 1995, offering 20 -year tax holidays, nominal ground allegations and uninterrupted use. Pakistani officials believe that this model can work as a blueprint for Karachi EPZ.
The bilateral trade between Pakistan and Turkey reached a record $ 1.4 billion in 2024, which is 30 % jumps over the previous year. Pakistan’s exports, which were headed by cotton and textile, were 2 352 million, while Turkish machinery and chemicals dominated, exports to Pakistan, overall. 80.8 million. Both sides are now looking at the $ 5 billion trade volume to expand the preferential trade agreement (PTA) and discover a full free trade agreement (FTA).
Officials in Islamabad view the proposed Karachi EPZ as a potential catalyst for a new phase of industrial cooperation, transferring Turkey to manufacturing units to save cost and market access.