EPZA seeks investment in export-oriented textile industry

EPZA Chairman Kamran Mirza said that Pakistan is one of the fastest growing economies of Asia. For the last few years the GDP growth rate has been around 7% and even with a global slowdown the GDP growth rate will be higher than 6% with the current incentives provided to the garment and textile sector, as well as, a favorable exchange rate it would be obvious that rapid rise in exports is highly feasible. Furthermore, a large domestic market of 160 million consumers in Pakistan with rising standard of living and income is another factor in the growth of the industry.

He said EPZA offers very attractive financial incentives versus the tariff as well as ease and convenience of one-window operation in a secure and well-developed area. Garments contribute almost 72% of the total exports of KEPZA and the growth rate in the current years is over 10% against the previous year.

During the session, he said the EPZA is currently offering developed land along with all infrastructure facilities, cheaper electricity, water and gas under one-window operation in export processing zones located in Karachi, Sialkot, Risalpur, and Gujranwala for garment and textile