December 22, 2012
Government wants to establish export processing zone (EPZ) in Multan to boost up the exports from southern Punjab, said Saif-ur-Rehman of Export Processing Zone Authority (EPZA) while talking to the body of Multan Chamber of Commerce and Industry (MCCI) headed by its president Muhammad Khan Saddozai here today.
He said that MCCI should establish an office of EPZA in its building to execute this project as early as possible. Saif-ur-Rehman told that Export processing zone would be exempted of load shedding of electricity and gas and the investors could import machinery, spare parts and tools free of duty for a specific period. He further said that 80 percent products manufactured there would be exported and 20 percent could be sold in local market. There would be a separate security system.
The meeting was also attended by Senior Vice President Bakhtawar Tanvir Sheikh, former presidents of MCCI Khawaja Muhammad Abdullah, Mian Mughis'A Sheikh, Khawaja Muhammad Hussain, Khawaja Muhammad Usman and Khurram Javed. They said that EPZ project was pending since 2003 due to the reasons best known to the authorities.