Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

Pakistan plans to replicate Egypt’s Suez Canal free zone model in its ports: minister

byCT Report
17/10/2025
in Breaking News, Karachi, Latest News, Slider News
Share on FacebookShare on Twitter

KARACHI:- Pakistan plans to replicate Egypt’s Suez Canal free zone framework across its key ports to boost industrial activity and regional trade, the Ministry of Maritime Affairs said.

Minister Muhammad Junaid Anwar Chaudhry and Egypt’s Ambassador Dr. Ihab Mohamed Abdelhamid Hassan in Islamabad said Egypt has offered to share its experience in managing and regulating free zones around the Suez Canal, one of the world’s busiest maritime corridors, to help Pakistan develop similar economic zones around its deep-sea ports.

You might also like

Bejaan Resorts, South Air sign agreement

21/08/2026

Businesses face up to Rs50m fine for failing to link with FBR system

21/08/2026

The move aims to attract investment in port-linked industries, logistics, and shipping, expanding Pakistan’s maritime footprint along the Arabian Sea.

“We are working hard to establish stronger links with Central Asian states and East African countries, and we can further enhance maritime connectivity with Egypt,” Chaudhry said, adding that Egypt’s success in free zone management provides a model for Pakistan’s own blue economy growth.

The Suez Canal Economic Zone (SCZone) is a 460-square-kilometer industrial and logistics corridor stretching along the canal. Established in 2015, it offers foreign investors tax incentives, streamlined customs procedures, and dedicated infrastructure for manufacturing, shipbuilding, and port services. The model is designed to attract global trade and industry around one of the world’s busiest maritime routes, linking the Red Sea to the Mediterranean.

The minister also proposed establishing “Pakistan Houses” in Africa, Central Asia and Egypt to promote trade, investment, and business partnerships, saying such centers would deepen Pakistan’s commercial engagement with regional markets.

Ambassador Hassan welcomed the proposals and said Egypt would extend technical assistance in developing frameworks for maritime and industrial zones. According to the maritime ministry statement, he praised the competitiveness of Pakistani exports, including spices, pharmaceuticals, leather goods, and rice, and said greater port connectivity could help expand their market reach.

The ministry said working groups from both sides would now draft feasibility studies for port-based free zones and joint industrial ventures.

The initiative is seen as part of Pakistan’s broader effort to diversify its trade partners and strengthen economic diplomacy through the maritime sector.

Related Stories

Bejaan Resorts, South Air sign agreement

byCT Report
21/08/2026

ISLAMABAD: Bejaan Resorts and South Air (Private) Limited will formally enter into a strategic partnership aimed at strengthening air connectivity...

Businesses face up to Rs50m fine for failing to link with FBR system

byCT Report
21/08/2026

ISLAMABAD: The businesses that fail to connect their operations with the Federal Board of Revenue (FBR) system within the prescribed...

Google to provide 150,000 Career Certificates, free AI Plus, Gemini access to Pakistani students

byCT Report
21/08/2026

ISLAMABAD: Pakistan and Google on Friday signed a memorandum of understanding (MoU) aimed at accelerating the country’s digital transformation, expanding...

Short-term inflation ticks up 0.49pc WoW, pushing annual rate to 9.66pc

byCT Report
21/08/2026

ISLAMABAD: Pakistan's Sensitive Price Indicator (SPI) recorded a week-on-week increase of 0.49% for the week ending August 20, 2026, driving...

Next Post

Pakistan’s food import bill rises by 35.56% to $2.252b in 1Q of FY26

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.