Export processing zones: Karachi unit’s exports rise 34% in May

KARACHI: Exports from the Karachi Export Processing Zone (KEPZ) during May rose 34 per cent to $31.95 million against $23.8 million in the corresponding month last year.

The Export Processing Zone Authority (EPZA) targets to bring cumulative exports for financial year ending June 2011 to $540 million, an increase of $100 million over the preceding year, according to an EPZA press release.

EPZA is geared to go up a notch and cross the $1 billion mark in the next two years. This significant growth in exports reflects the confidence of investors in the zone authority and its policies, the press release says. It also indicates that EPZA is doing well to fulfil its mandate to enhance the exports, the press release adds.

Published in The Express Tribune, June 7^th, 2011.