Descriptive studies carried out by international organizations and academics focus on conceptualization, objectives, incentives, developmental effects and performance of EPZs. Although most of these studies concern net benefits to the host economy they lack appropriate analytical frameworks (Warr, 1989, p.66). Conventional benefit-cost analysis intends to capture the economic welfare of citizens of the host country by incorporating the benefits and costs for the entire lifetime of the project. Advocates believe the benefits and costs can be identified conceptually and quantified empirically. The method is quite capable to capture the overall impact of the public project but subject to criticism on the ground that the way of translating non-quantitative realities into computable data. One can use this tool effectively by improving the availability of quantitative data.