ECONOMIC AND SOCIAL DEVELOPMENT THROUGH SPECIAL ECONOMIC ZONES (SEZS): WORKABLE STRATEGIES FOR PAKISTAN

Muhammad Zafar  Iqbal; Bashir  Ahmad

doi:10.54690/margallapapers.28.1.247

Authors

Muhammad Zafar Iqbal PhD Scholar at DHA Suffa University, Karachi.
Bashir Ahmad Dean Faculty of Management Sciences at DHA Suffa University, Karachi.

DOI:

https://doi.org/10.54690/margallapapers.28.1.247

Keywords:

Special Economic Zones (SEZs), CPEC, Social Development, Critical Success Factors (CSFs)

Abstract

Special Economic Zones (SEZs) form part of the industrial growth strategies of the respective countries to stimulate economic growth and community development. China has emerged as the most prosperous country in developing SEZs for long-term economic and social transformations of its people. Bangladesh, treading its path, achieved long-term foreign direct investments and developed its SEZs. Indian development of SEZs faced problems but contributed to attracting FDIs and triggering exports. SEZs Act 2016 in Pakistan laid the outlines for developing and regulating SEZs in Pakistan. China-Pakistan Economic Corridor (CPEC) with integrated SEZs can be a potential economic growth stimulus. Critical Success Factors (CSF) like bold policy initiatives, customised designs, correct location with proficient and effective management, and institutional protocols through internal connectivity and integration can be the recipe for the success of SEZs in Pakistan.

Bibliography Entry

Iqbal, Muhammad Zafar and Bashir Ahmad. 2024. "Economic and Social Development through Special Economic Zones (SEZs), Workable Strategies for Pakistan." Margalla Papers 28 (1): 180-197.

Author Biographies

Muhammad Zafar Iqbal, PhD Scholar at DHA Suffa University, Karachi.

Muhammad Zafar Iqbal is a PhD Scholar at DHA Suffa University, Karachi.
Bashir Ahmad, Dean Faculty of Management Sciences at DHA Suffa University, Karachi.

Prof. Dr. Bashir Ahmad is Dean Faculty of Management Sciences at DHA Suffa University, Karachi.