Adviser to the Sindh Chief Minister on Excise and Taxation M A Jalil has proposed abolition of infrastructure cess on raw material used in the manufacturing of goods for exports in the manufacturing bond area. He was addressing a meeting of the SITE Association on Tuesday. He said the decision regarding withdrawal of infrastructure cess would be announced in the next budget. He said this decision would be applicable in specified area (manufacturing bond) and on the import of raw material for producing exportable goods.
Jalil said the decision was aimed at giving incentive to exporters and industrial activities in industrial areas.
He said it was for the first time that the Sindh government had announced Rs 500 million grant for development work in the SITE area.
The allocation would be spent on the construction and repair of roads, improvement of sewerage and other related civic facilities.
Jalil said the SITE Association should hold meetings with the local government and ask for setting up of a water treatment plant at SITE, so that water shortage could be overcome by recycling industrial wastewater.
He said the size of plant he envisaged would recycle 15mgd water, which would be sufficient for the SITE area.
He said to facilitate industrialists in payment of taxes, he had introduced the system of payment in instalments.
Jalil said that grant of tax exemption for three years on new industrial construction was under consideration.
The proposal was likely to be accepted and an announcement in the next budget could be expected.
He said a proposal to develop industrial zone on five thousand acres stretching from Ibrahim Haidri to Rehri was under consideration.
Offers to foreign investors would be extended to invest in this zone, Jalil said and added, as far as protection of investment and maintenance of law and order was concerned, the provincial government had already pledged its support.
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