The federal government is considering a plan to build a Garments City at Port Qasim, Karachi. This city will span over 400 acres. The first phase of the project will allocate 250 acres. The purpose behind this project is to give the investment and export sectors a boost. Moreover, it will help generate employment across the industry. A meeting was held to consider this project, chaired by Federal Minister for Maritime Affairs Junaid Anwar Chaudhry
Key Highlights
- Garments City planned on 400 acres at Port Qasim, Karachi
- First phase to allocate 250 acres
- Project expected to create around 138,000 jobs
- Potential revenue generation estimated at $2.5 billion
- Port Qasim Authority to provide essential infrastructure
The federal government is planning to establish a Garments City on 400 acres at Port Qasim in Karachi, with the initiative expected to boost investment, exports and employment.
Federal Minister for Maritime Affairs Junaid Anwar Chaudhry chaired a meeting on the proposed project,… pic.twitter.com/LC9qvVCaJz
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A Push for Private Investment and Faster Exports
Officials said private investment will be prioritized for the project. Exporters are expected to receive one-window facilities, a system meant to cut down on bureaucratic delays and speed up approvals. Government planners see this as a way to make the site more attractive to textile manufacturers and investors alike.
Considering its scale, the project seems to be an extraordinary project. It will create roughly 138,000 jobs if completed as per plan. The expected revenue generation is around $2.5 billion. The garments sector is already among the largest contributors to our exports. Now this newly proposed project will significantly expand the sector.
Infrastructure and Environmental Planning
The project is still in the planning stage. Officials have not disclosed any timeline for its completion. For the first phase, the Port Qasim Authority will be seeing the essential infrastructure of the project. It is being said that authorities are considering environment-friendly technologies for its development.
Karachi is a metropolitan with expansive business opportunities. A garment city would be a valuable addition in its landscape. It will help garment exporters to make their operations smoother.
