KARACHI: The Lasbela Chamber of Commerce and Industry (LCCI) has urged the government to declare Hub Industrial and Trading Estate (HITE) phase-2 as a special economic zone (SEZ).
“We have seen China undergo an exponential economic growth by executing this idea and now it has more than 38 such zones. Pakistan established the SEZ Act in 2012 and according to the law, the federal or provincial governments can either themselves set up an SEZ or they can achieve it in collaboration with the private sector,” LCCI President Ismail Suttar said in a statement. “Sindh and Punjab have three SEZs each but Balochistan has not been so fortunate,” he lamented. HITE’s phase-1 in Balochistan started with only a couple of industries. Over a quarter of a century the area saw rapid growth and now has more than 300 industries.
Published in Dawn November 8th, 2016
