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Pakistan is preparing to unveil its first-ever Industrial Policy, aimed at revitalising the industrial sePakistan is preparing to unveil its first-ever Industrial Policy, aimed at revitalising the industrial sector through investment incentives, infrastructure upgrades, and legal reforms.
In a landmark move, the federal government is set to introduce Pakistan’s first Industrial Policy, targeting investment inflows, infrastructure development, and regulatory streamlining. The policy proposes a National Land Bank to consolidate land for industrial estates and reforms to Special Economic Zones (SEZs) and Export Processing Zones (EPZs), including repurposing land from Pakistan Steel Mills.
A capital reinvestment framework is under review to enable overseas Pakistanis and domestic investors to legally channel offshore funds, provided they originate from FATF-compliant jurisdictions. “This framework must comply with IMF guidance, be transparent, and distinct from amnesty-style programmes,” the draft policy notes.
Legal reforms include updates to the Corporate Rehabilitation Act 2018 and Corporate Restructuring Act 2016, introducing court-ordered moratoriums to protect viable businesses from liquidation. The policy also aims to digitalise one-stop shops, harmonise zoning laws, and improve connectivity between industrial parks and motorways.
Officials say the initiative, backed by the Special Investment Facilitation Council, could be a turning point for Pakistan’s industrial revival.ctor through investment incentives, infrastructure upgrades, and legal reforms. The policy’s rollout hinges on IMF approval and includes mechanisms to attract offshore capital, especially from overseas Pakistanis.
In a landmark move, the federal government is set to introduce Pakistan’s first Industrial Policy, targeting investment inflows, infrastructure development, and regulatory streamlining. The policy proposes a National Land Bank to consolidate land for industrial estates and reforms to Special Economic Zones (SEZs) and Export Processing Zones (EPZs), including repurposing land from Pakistan Steel Mills.
A capital reinvestment framework is under review to enable overseas Pakistanis and domestic investors to legally channel offshore funds, provided they originate from FATF-compliant jurisdictions. “This framework must comply with IMF guidance, be transparent, and distinct from amnesty-style programmes,” the draft policy notes.
Legal reforms include updates to the Corporate Rehabilitation Act 2018 and Corporate Restructuring Act 2016, introducing court-ordered moratoriums to protect viable businesses from liquidation. The policy also aims to digitalise one-stop shops, harmonise zoning laws, and improve connectivity between industrial parks and motorways.
Officials say the initiative, backed by the Special Investment Facilitation Council, could be a turning point for Pakistan’s industrial revival.
