The Pakistani government, led by Shehbaz Sharif, has offered Turkey 1,000 acres of land to establish a new Export Processing Zone (EPZ) within the Karachi Industrial Park. This initiative aims to attract Turkish companies to invest in Pakistan, with the goal of boosting trade between the two nations to $5 billion. This move comes in the wake of Turkey’s support for Pakistan during the India-Pakistan conflict in May. The proposed EPZ is designed to provide Turkish investors with various incentives, including tax exemptions for up to 20 years, affordable land, and uninterrupted utilities like electricity and water. The Pakistani delegation studied Turkish EPZs, which are now managed by private companies, to understand the advantages provided to investors. The strategic location of the Karachi EPZ would facilitate easy access to Central Asia and the Gulf countries, reducing transport costs for Turkish companies.
