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Exports from EPZA soar up to 15pc in Q1

Exports from EPZA soar up to 15pc in Q1

KARACHI: Export Processing Zones Authority (EPZA) has demonstrated improved performance during the first quarter of fiscal year 2013-14.

In July, exports from EPZA registered a significant increase of 33 per cent as compared with the figures of last year in the same month. In July 2012-13 export figures from EPZA stood at $21.756 million which increased to $29.041 million during the same month this year.

In August, exports from Export Processing Zones Authority (EPZA) registered an increase of 0.24 per cent as compared with the figures of last year during the same month. In August 2012-13 export figures from EPZA stood at $24.164 million which increased to $24.223 million during the same month of FY 2013-14.

In September, exports from EPZA registered an increase of 12 per cent as compared with the figures of last year for the same month. In September 2012-13 Export figures from EPZA stood at $24.752 million which increased to $27.729 million during the same month this year.

In all, the comparison of the first quarter between previous year and the current year shows an increase of 15 per cent in exports from EPZA. Last year for the same period exports figure stood at $70.672 million as compared to this year’s figure of $80.993 million.

During the period under consideration, 11 new units have been approved. These include 9 in Karachi Export Processing Zone and 1 each in Sialkot and Gujranwala Export Processing Zones.

It is worth mentioning here that envisaged investment of value of these new units stand at US $10.27 million and projected yearly exports from these units is estimated at $22.38 million. This positively reflects on the new investment in EPZA and its substantial impact on exports from Pakistan.