Special Economic Zones in Pakistan: Promises and Perils

Special Economic Zones (SEZs) are considered one of the major elements stimulating rapid development in countries like China, Poland, South Africa and Malaysia. Global evidence correlates successful implementation of SEZs with substantial increases in GDP, employment, trade and technology transfer. The successful execution of any SEZ is dependent on, along with the socio-economic and political milieu, the prevailing governance structure, administrative setup and institutional framework.