Closure of EPZA Lahore Office Sparks Widespread Concern
The Lahore Chamber of Commerce and Industry (LCCI) has raised significant concerns following reports about the impending closure of the Export Processing Zones Authority (EPZA) office in Lahore. This move has been met with skepticism about its timing and rationale.
Closure of EPZA Lahore Office Sparks Widespread Concern
On Friday, LCCI issued a statement highlighting its apprehensions regarding the decision to shut down the Lahore office. This proposal, reportedly put forth by the newly appointed EPZA chairman, appears to have been made without a thorough analysis of its potential impact on the business environment in Punjab.
Impact on the Business Sector
LCCI emphasized that despite the EPZA’s headquarters being situated in Karachi, the Lahore office has efficiently managed operations pertaining to Punjab’s Export Processing Zones, including critical areas like Sialkot and Gujranwala. The closure may lead to several administrative challenges.
- Disruption in coordination for local industries
- Increased bureaucratic hurdles
- Negative implications for the region’s economic activities
The chamber’s concerns underline the necessity for a strategic review before implementing such significant changes. Maintaining the Lahore office is essential for ensuring effective management and support for businesses operating within the province’s Export Processing Zones.
