The Pakistan Export Processing Zone Authority (EPZA) is an autonomous body established under the administrative control of the Ministry of Industries and Production (Pakistan). It is in charge of organizing, creating, and managing Export Processing Zones (EPZs) around the nation and functions in accordance with the EPZA Ordinance 1980. In order to entice domestic and foreign investment in export-oriented sectors, certain locations have been classified as EPZs and offer additional incentives and services.[1][2]
| Abbreviation | EPZA |
|---|---|
| Formation | 1980 |
| Type | Governmental organization |
| Legal status | Active |
| Purpose | Promotion of export-oriented industries and facilitation of foreign and domestic investment in Export Processing Zones (EPZs) |
| Headquarters | Islamabad, Pakistan |
Region served | Pakistan |
Chairman | Dr. Saifuddin Junejo |
Parent organization | Ministry of Industries and Production (Pakistan) |
| Website | Official Website |
Background
editThe EPZA was established with the intention of advancing industry, luring international investment, and boosting Pakistani exports. By granting numerous advantages including tax breaks, duty-free imports of machinery and raw materials, and streamlined laws and procedures, it creates a climate that is favorable for enterprises. EPZs offer infrastructure, utilities, and support services to help new export-oriented enterprises get off the ground.[3][4][5]
References
edit- ^ "Govt appoints new EPZA chairman". 20 November 2021.
- ^ "Senate panel passes EPZA amendment bill". 6 April 2023.
- ^ "Govt appoints new EPZA chairman". 20 November 2021.
- ^ "Senate panel passes EPZA amendment bill". 6 April 2023.
- ^ "EPZA: Enabling exports". 14 April 2013.