The Federal Government has issued licence for establishment of Korangi Industrial Trading Estate (KITE). This was informed by the designated Chief Executive of KITE Limited Abdul Haseeb Khan while talking to newsmen, he said that not only the license was issued but it has been incorporated and hoped that it will help accelerate infrastructure development work in Korangi industrial area.

He said that the idea of establishing KITE was originality conceived by late Haji Fazalur Rehman in 1977 and the idea was published in Business Recorder.

He said after a long struggle it was finally decided that KITE would be established and now it is on the ground.

Copyright Business Recorder, 2005