Towards the Development of Economically Vibrant Special Economic Zones in Pakistan

Authors

  • Ali Ozgen Project Manager at Hattar Special Economic Zone, Khyber Pakhtunkhwa Economic Zones Development and Management Company, Government of Khyber Pakhtunkhwa, Pakistan

DOI:

https://doi.org/10.59926/jodprp.vol08/03

Keywords:

Special Economic Zones, Industrialization, Economic Growth, 2014 elections, Employment Generation

Abstract

This study explores the dynamic landscape of Special Economic Zones (SEZs) in Pakistan, shedding light on the pivotal role they can play in driving industrial growth and nurturing economic development. It examines SEZs' critical success factors in Pakistan through a comprehensive analysis of policy frameworks, case studies, observations and surveys with stakeholders. It highlights the importance of establishing a conducive regulatory environment and robust infrastructure within these zones to facilitate business operations and investor confidence. The research underscores the need for strong institutions, transparent governance, effective policies and mechanisms to ensure that SEZs promote effective industrialization. It emphasizes the importance of aligning SEZs policies with broader economic objectives and international standards while focusing on economic growth. In conclusion, this paper is a comprehensive guide for policymakers, investors, and stakeholders interested in SEZs' potential to drive industrialization, attract Foreign Direct Investment (FDI), generate employment, and increase economic prosperity in Pakistan.

JEL Classification Codes: O11, O14, O25

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Published

2024-12-31

How to Cite

Ozgen, A. (2024). Towards the Development of Economically Vibrant Special Economic Zones in Pakistan. Journal of Development Policy Research & Practice (JoDPRP), 8(1). https://doi.org/10.59926/jodprp.vol08/03

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Articles