In order to highlight the investment opportunities available to Auto Industry in the Export Processing Zones (EPZ's) of Pakistan, the EPZ Authority (EPZA) is participating in the 3rd International Automobile, Auto Parts & Accessories Exhibition to be held at Expo Center Karachi from December 12-15.
In order to highlight EPZA's one window operation facility and easy procedures for doing business in the country's Export Processing Zones and to establish effective interaction with key personnel of the trade, an exclusive briefing session on EPZA is being held on the subject of investment opportunities for auto industry in EPZs of Pakistan on December 13.
Chairman EPZA, Kamran Mirza would brief investment executives of EPZA and interact with potential investors. EPZA is currently offering developed land along with all infrastructure facilities, cheaper electricity, water & gas under one window operation in Export Processing Zones located in Karachi, Sialkot, Risalpur & Gujranwala for Auto and Auto spares industry.
The Karachi Export Processing Zone (KEPZ) consists of three phases including fully operational KEPZ Phase I with an area of 211 acres, KEPZ Phase-II with an area of 94 acres where construction of factory buildings has already started and KEPZ Phase-III with an area of 200 acres, which is right now in the designing and planning stage.
Other operational zones are Sialkot Export Processing Zone with an area of 238 acres; Risalpur Export Processing Zone with an area of 92 acres and Gujranwala Export Processing Zone with an area of 113 acres. Gwadar has been categorised as an up coming zone with an area of 1000 acres where development work has already started.
Advantages available at the operational zones of EPZA include developed land, optic fibre network, grid stations with no load shedding, abundant water and gas, no permission from building control department required for the construction of multi story buildings, no restriction on foreign currency movement for offshore banking status, daily movement of around 20,000 work force and near completion fly over roads.
The incentives available to potential investors for EPZ's of Pakistan include free movement of capital, no minimum or maximum investment limit, duty free imports of machinery, equipment & material, cheaper electricity, no national import restrictions, no foreign exchange control regulations and production oriented labour laws.
GSP concessions given by various countries to imports from Pakistan are available to the manufacturers in the zone, peaceful, secure and environmentally protected pollution free work area and inter-unit transfer of finished goods among exporting units allowed.