Pakistan, June 6 -- The government has announced plans to allocate significant funds in the next fiscal year's budget to promote industrial growth and development across Pakistan. These initiatives focus on creating special economic zones and expanding industrial units to boost manufacturing and employment.

One key proposal is the allocation of Rs. 500 million for establishing a Special Economic Zone (SEZ) on the vast land of Pakistan Steel Mills. Approximately 6,400 acres of the mill's land will be dedicated to this SEZ, which will be developed alongside the Karachi Industrial Park. Together, they will form a unified federal special economic zone, named the Karachi Industrial Park (Federal Special Economic Zone).

The project's first ph...