Primarily, it is a service-oriented organisation for the promotion of exports from Pakistan. EPZA itself is not involved in physical business. PHOTO: FILE
KARACHI: The Export Processing Zones Authority (EPZA) was established in 1980 with the mandate to plan, develop and operate export processing zones (EPZs) in Pakistan. EPZA is an autonomous body working under the Ministry of Industries. It has a nine member board of directors, and is tasked with setting up EPZs in Pakistan.
EPZA as a system has worked well in Pakistan, especially in Karachi. As an already established, known and tried system for attracting investments and generating exports from Pakistan, it can provide almost risk-free economic uplift.
As an organisational concept, EPZA facilitates, promotes and provides business support to those who wish to set up their units in EPZs. Primarily, it is a service-oriented organisation for the promotion of exports from Pakistan. EPZA itself is not involved in physical business.
Objectives
The main objectives of EPZA are to improve industrialisation through commercial and marketing activities, provide country-specific investment linkages on reciprocal basis and to simplify paperwork and transfer of technology through foreign investment. For a more holistic picture of what EPZA does, consider that it attracts foreign capital, sets up export-oriented industries, assists in acquiring sophisticated technology, transfer such technology to Pakistan, generates employment and skill development activities, boosts exports and foreign exchange earnings and increases import of raw material from Pakistan.
Incentives
For businesses, EPZA provides developed land on highly competitive rates for 30 years lease. All zones are enclosed in a boundary wall with well-defined security parameters. EPZs enable business to import machinery, equipment and materials free of duty, while allowing them freedom from national import regulations and exemption from exchange control regulations. Repatriation of capital and profits is allowed to foreign investors, and there is no sales tax on input goods, including electricity and gas bills. Furthermore, duty-free vehicles are allowed under certain conditions
EPZs in Pakistan
Over a period of time, EPZs have been established in different places in Pakistan to develop the natural resources of these areas and to provide job opportunities to locals. Zones which are currently operational include those in Karachi, Risalpur, Saindak, Sialkot, Duddar, and the Tuwairqi Steel Zones in Gujranwala, Gwadar, Reko Diq and Khalifa Coastal.
THE WRITER IS THE CHAIRMAN OF THE EXPORT PROCESSING ZONES AUTHORITY
Published in The Express Tribune, April 15th, 2013.
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Dear Hasan Bhai, just to make it clear that BedSheets and towels are just a part which is exported and everyone knows about it. take out anything you have which is STITCHED. from denim to trousers, from t shirt to shirt, from caps to socks, everything is exported from pakistan, you want to see the export of pakistan , see how shipping agents are growing, just because of exporters/importers.
i am also exporting military wear to different side in europe, you will not believe but each and every cap wear by London Metro Police is made in Pakistan. havent talked about Adidas, Nike, Puma and other major sports wear.
sir we are growing even in the worst situation, think positive and make a difference.
P.S: PEACE
what a joke ... export and pakistan... better stay whatever limited towels and bedsheets we sell.. the world has moved miles ahead.