KARACHI: The Korangi Association of Trade and Industry (KATI) has extended its congratulations on the
announcement of a new industrial zone spanning 10,000 acres in Karachi by the Caretaker Federal
Minister for Industry and Commerce, Dr. Gohar Ijaz. Acting President Nighat Awan expressed her
appreciation for the move, emphasizing that KATI has consistently advocated for the promotion of
industrialization, underscoring its pivotal role in stabilizing Pakistan’s economy.
Acting President Nighat Awan stressed the need for urgent attention to address infrastructure, sewage,
water, and other challenges faced by existing industrial zones in Karachi, particularly the largest one, the
Korangi Industrial Zone. She emphasized that resolving these issues is crucial for the successful
establishment of new industries and the overall promotion of industrialization.
Highlighting the positive impact of industrialization, Nighat Awan emphasized that it not only
contributes to increased exports but also generates higher tax revenue, effectively addressing
unemployment issues in the country. She pledged KATI’s full support for the Federal Minister of
Commerce’s ambitious goal to elevate exports to $100 billion, affirming the KATI’s commitment to
facilitating the mission.
Reflecting on past experiences, Acting President KATI acknowledged the historical decisions made by
Federal Minister Dr. Gohar Ijaz and SM Tanveer, Patron-in-Chief of UBG and KATI, which involved the
active participation of the business community in policy-making. This inclusive approach, she noted, had
yielded positive results for the economy, pulling Pakistan out of severe financial crises. Awan
underscored the importance of stakeholder involvement in shaping economic development policies.
Expressing hope for the continuity of the current positive government policies, Acting President KATI
envisioned a stabilized Pakistani economy with reduced dependence on foreign aid. KATI remains
optimistic about the potential economic benefits that will arise from the establishment of the new
industrial zone in Karachi.
ADVERTISEMENT
