KSE100 34350.42  ▲ Increased By 231.03 (0.68%)
KSE30 15000.89  ▲ Increased By 85.48 (0.57%)
BR100 3516.22  ▲ Increased By 11.22 (0.32%)
BR30 18244.64  ▲ Increased By 13.27 (0.07%)

Business Recorder Logo

Jun 06, 2020 PRINT EDITION
Business

Tax holiday for businessmen under CPEC projects to help establish industrial zones: Afzal

ISLAMABAD: Minister of State for Finance Rana Muhammad Afzal has said that tax holiday given to businessmen and companie

January 26, 2018

ISLAMABAD: Minister of State for Finance Rana Muhammad Afzal has said that tax holiday given to businessmen and companies under China Pakistan Economic Corridor projects, would help establish industrial zones in the country.

The businessmen and companies would enjoy the tax exemption facility to import machinery for CPEC projects and this tax holiday was given for a limited period, he said talking to a news channel.

The present government was focusing on utilizing the natural resources for energy and dam projects so that living standard of common man could be changed in a befitting manner, he said.

To a question, he said regulatory duty was imposed to control flooding of unnecessary things or material to Pakistan.

"Our industrial sector had to face serious trouble due to shortage of gas and electricity in the past, " he said.

The present government after coming into power had overcome the energy crisis, he said, adding the industrial sector had been revived due to availability of electricity and gas in the country.

Addressing extremism and terrorism issues had also helped restoring the business climate, Rana Muhammad Afzal said.

 

Copyright APP (Associated Press of Pakistan), 2018