EPZA 96th BoD meeting held

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Weekly Updates - Traders' Diary

KARACHI : The Board of Directors of Export Processing Zone Authority in its 96th meeting held on October 1, 2010 at EPZA Head Office under the Chairmanship of Aftab Ahmed Memon, Chairman Export Processing Zones Authority has approved Rs 26 million for flood affected areas in Pakistan.

The distribution is for Rs 10 million for Prime Minister s Fund and Rs 4. 00 million each province (Chief Minister s fund). Rs 6. 5 million was also reserved for the Corporate Social Responsibility of EPZA ie SIUT, LRBT, Fatmid Foundation, Skin Hospital, Shaukat Khanum Hospital, Scholarship for bona fide students of all provinces, special attention is given to remote areas of Pakistan and also scholarship reserved for disable bona fide students. Furthermore, the Board has appreciated the progress report during the period 2009-10.

The net profit for the year 2009-10 is Rs 146. 490 million ie increase of 38 percent as compared to previous years. The Board was informed that EPZA is the only public sector organisation for putting up its Budget on the web-site and also posting quarterly/six monthly income and expenditure statement on web-site to meet with the high standard of transparency. -PR

Courtesy: Business Recorder

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