The Government of Sindh has established Sindh Economic Zones Management Company (SEZMC), a provincial SEZ Entity under Company’s Act 2017 to institutionally facilitate, promote, encourage and enhance the industrial base in the province.
The objective of SEZMC as body corporate is to facilitate domestic and foreign investors to invest in the manufacturing sector offering them special exemptions and incentives leading to reduced cost of doing business with efficient infrastructure through the development of Special Economic Zones under SEZ Act 2012 in Sindh.
The SEZ Act 2012 was passed by the Parliament in 2012 and subsequent amendments were made therein in 2016 to make it more business friendly.
Special Economic Zone (SEZ) is a blanket term for various types of specialized zones with specific types of enterprises operating in a well-defined geographic area where certain economic activities are promoted by a set of policy measures that are not generally applicable to the rest of the country. In addition, streamlined regulatory enforcement, simpler business and establishment rules, expedited customs administration, and other special administrative and approval procedures are also offered in such SEZs.
Special Economic Zone (SEZ) is a tool for attracting investment to revive and diversify the manufacturing and exports. Sindh Government through SEZMC envisages that SEZs will enhance overall economic connectivity, integration and competitiveness, as well as investments, exports and productivity, which are keys for economic growth, job creation, poverty alleviation and socio economic development.
SEZMC provides an enabling platform to promote interaction between local and foreign investors, as well as relevant stakeholders with a conducive and enabling business environment with distinct attention on facilitation to SEZs in the province.