Pakistan, Oct. 24 -- Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Friday chaired a meeting of the Board of Approvals (BOA) for Special Economic Zones, which approved the Karachi Industrial Park (KIP) as a Federal Special Economic Zone (SEZ).

It also cleared two policy measures aimed at facilitating industrial investment and the effective use of industrial land, a news release said.

The meeting focused on measures to facilitate industrial investment, improve infrastructure provision and promote effective utilisation of industrial land.

The Board confirmed the minutes of its previous (10th) meeting before taking up three substantive agenda items.

It approved the application for KIP as a Federal SEZ. The propose...