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The special economic zone is quite a familiar term these days used as a tool to attract local and foreign investment in any country. However, the success rate of each varies despite geographical and local endowments. This study is an attempt to evaluate the management structure of these SEZs in Pakistan and also identify the flaws that hinder required development and growth along with the comparative analysis of SEZs of Bangladesh and Vietnam with an objective to recommend suitable policies to promote SEZs as a suitable catalyst for economic development. We also focus on the SEZs under the CPEC as we consider this mega project to be the fate of Pakistan where we expect that, it will bring the change we desire for so, this study includes several policy recommendations that assist the authorities to bring efficiency and effectiveness in the policy frame of SEZs in Pakistan.