Economic growth is at risk due to smuggling. There is a continual crackdown to maintain public safety and a stable economy.

Between October 20 and 28, 131,000 litres of Iranian oil, 71 metric tonnes of grain, 293 pieces of cloth, and 1,105 cartons of cigarettes were confiscated by the authorities.

Since September 1, 2023, a total of 17.548 million litres of Iranian oil, 13,088.75 metric tonnes of fertilisers, 3,755.69 metric tonnes of flour, 35,129.1 metric tonnes of sugar, 4,381,102 cartonnes of cigarettes, and 155,037 pieces of fabric have been blocked.

IDEAS 2024 will improve commercial exchanges between delegates, trade visitors, defence officials, and OEMs from all across Pakistan and the world, according to Sindh Chief Minister Syed Murad Ali Shah. It will also increase Pakistan’s strategic ties with its international allies.

Speaking during the 12th Edition of Ideas 2024’s 3rd steering committee meeting in Karachi, Murad Ali Shah stated that since the event’s founding in 2000, ideas have emerged as a defining characteristic of the national and international defence sector.

According to him, this twice-yearly occasion has gradually developed into a legendary assembly that promotes information sharing both inside and outside of Pakistan and displays cutting-edge technology.

The fact that IDEAS is now acknowledged globally, he continued, is evidence of the strong and advantageous ties we have with our international partners.

The Director General of Depo, Major General Asad Nawaz Khan, HI(M), led the second session, which was held to support the ongoing national-level preparations for this strategically significant event.

The establishment of “industrial parks” by the Pakistan Economic Zone Development and Management Company and the Special Investment Facilitation Council aims to attract investors and stimulate the economy.

First up is the Malir Industrial Park, which gives companies access to important trade and transportation channels. This park will be different from heavy industry parks in that it will concentrate on small industries and diverse industrial offices. Among Karachi’s industrial zones, it would be noteworthy for providing security and necessary infrastructure.

In order to lower unemployment, the initiative intends to generate more than 200,000 jobs in the first five years. To increase the advantages of the program, the Korangi Association of Trade and Industry will become a member of the Malir Industrial Park Advisory Council.

The park will have easy access to Karachi Port and Jinnah International Airport due to its strategic location at the convergence of key highways, such as the National Highway and Malir Motorway. This would guarantee effective access to both domestic and foreign markets.