ISLAMABAD
\nThe meeting of sub-Committee on the Senate Standing Committee on Industries and Production was held at Parliament Lodges on Fridayunder the Convenershipof Senator Fida Muhammad to examine the problems faced by the export processing zone of Khyber Pakhtunkhwa.
\nOther who were present included Senator FalakNaz and Senator HidayatUllah and senior officers of the Khyber Pakhtunkhawa Economic Zone Development and Management Company, PESCOalong with all concerned.
\nThe Committee reviewed details of the Risalpur Export Processing Zone (REPZ) and EPZA\u2019s joint venture with Khyber Pakhtunkhawa Economic Zone Development and Management Company (KPEZDMC). The member panel were informed of the progress of the project and the challenges that ensued.
\nThe Committee was informed that 92 acres of the EPZA had been developed and since export zones are exempt from GST on electricity, FBR has issued a letter to PESCO in this regard. It is expected that GST exemption should begin with the next billing cycle.
\nThe issue of uninterrupted power supply was taken up by the Committee, which remains a major challenge in development of REPZ.
\nThe Committee was informed that PESCO is in the process of providing an independent feeder for this purpose, which is due to be completed by December. Another option was that a connection is taken from PASDEC; this would take a month.
\nThe Committee directed that both parties get together and discuss modalities, after which details are to be submitted to the Committee.
\nIn relation to restriction on export of trading goods to Afghanistan and Central Asian Republic, the Committee was informed that Ministry of Commerce has issued a notification allowing the export of manufactured goods via land route alone.
\nTrading and warehousing were restricted. Clarification has been demanded by the Ministry of commerce in this regard. The facility incentive of trading via land route to promote business avenues will be reviewed in light of the decision of the ECC of the Cabinet.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD The meeting of sub-Committee on the Senate Standing Committee on Industries and Production was held at Parliament Lodges on Fridayunder the Convenershipof Senator Fida Muhammad to examine the problems faced by the export processing zone of Khyber Pakhtunkhwa. Other who were present included Senator FalakNaz and Senator HidayatUllah and senior officers of the Khyber […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-268017","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n