The exports from EPZA during the month of March 2010 show a record growth of 42 percent despite the economic recession. It indicates that Export Processing Zones Authority (EPZA) is doing well to complete its mandate to enhance the exports. In the economic growth of the country the performance of EPZA has been a major contribution attaining enhanced vigor with the change of management.
According to statistics released by EPZA, the exports during the month of March 2010 stood by 42 percent higher at over Rs 1.9 billion as compared to Rs 1.3 billion in corresponding month of March 2009. The export performance in the month under review was highest recorded in any month of current year. Further, the exports from July 2009 to March 2010 have shown stride of an average of 12 percent over the corresponding period of the last year.
Looking at the rapid changes in global markets and shift of buying power, the EPZA believes that level of participation by business houses of EPZA will take a lead in industrial growth and export if incentive packages at the level of Federal Board of Revenue (FBR) are not altered, as has been the case in the levy of withholding tax on electricity.
Export Processing Zones Authority (EPZA) pointed out that during the recent global recession, which resulted in the shrinkage of developed economies; EPZA maintained rising trends in the exports. It is expected that exports from the EPZs in the current financial year will surge by approximately 12 percent to 15 percent.-PR