Karachi to Get Pakistan’s First Marble City
Notably, the Sindh administration is establishing Pakistan's first Marble City in Karachi to attract investment, promote industrial activity and create employment opportunities.
Notably, the Sindh administration is establishing Pakistan's first Marble City in Karachi to attract investment, promote industrial activity and create employment opportunities.
Article outline
- What happened
- The key numbers
- What comes next
- The bottom line
Key points
- Sindh Information and Transport Minister Sharjeel Inam Memon confirmed the project at the pre-launch ceremony of the Karachi Marble City Industrial Park.
- Spread over more than 300 acres along the Northern Bypass, the project carries an estimated cost of $250 million and will operate under a public-private partnership framework.
- Memon remarked the project would assist Pakistan produce finished marble and granite products for international markets instead of exporting raw materials.
- Obtain the latest business news, market insights, and economic updates wherever you prefer.
- The administration has set the average land rate at approximately Rs.
Sindh Information and Transport Minister Sharjeel Inam Memon confirmed the project at the pre-launch ceremony of the Karachi Marble City Industrial Park. He remarked the project would enable local processing of marble and granite from Sindh and other parts of the country using modern machinery and technology. Over 70% of Buildings Fail Fire Safety Checks in Karachi.
In practice, the administration has set the average land rate at approximately Rs. 25 million per acre and will offer installment intends to investors.
Special Assistant to the Chief Minister on Investment Qasim Naveed Qamar remarked the administration was additionally exploring ways to provide affordable electricity, machinery on rent and modern industrial equipment to businesses operating in the park. Bilawal Bhutto Inaugurates New University in Sindh.
Investor registration is scheduled to commence next month. Memon remarked the project would assist Pakistan produce finished marble and granite products for international markets instead of exporting raw materials. Stay Connected with ProPakistani.
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Taken together, the developments around karachi to Get Pakistan's First Marble City point to a situation that is still moving, and the coming days should bring more clarity.
