Home Business Govt to facilitate investors in SEZs: Dawood
Business - September 12, 2019

Govt to facilitate investors in SEZs: Dawood

(APP) – Adviser to the Prime Minster on Commerce, Textile, Industries and Production and Investment Abdul Razak Dawood Wednesday said the government has taken strategic decision to facilitate investors by providing state-of-the-art infrastructure in Special Economic Zones (SEZs).

He also assured facilitation to the investors from the Board of Investment (BoI), as the lead coordination agency of Pakistan Government, stated a press release issued by the Ministry of Commerce.

A delegation of domestic investors of Bin Qasim Industrial Park and Korangi Creek Industrial Park called on Abdul Razak Dawood and discussed various issues pertaining to taxation anomalies regarding SEZs.

Federal Bureau of Revenue Chairman Syed Shabbar Zaidi and BoI Chaimran Zubair Gilani also attended the meeting as Dawood outlined tax incentives provided to SEZs.

These incentives include onetime exemption from customs duties and taxes on import of plant and machinery into SEZs for installation in these zones. Moreover, he added that government has also given tax holidays for 10 years to all enterprises which will commence commercial production by 30th June 2020 in SEZs.

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Nintendo’s Switch faces French claim of ‘planned obsolescence’

PARIS (AFP) – A French consumer advocacy group said Tuesday that it had filed a R…