Government announces huge incentives for investors setting up industry in CPEC economic zones
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ISLAMABAD- Pakistani and Chinese investors preparing to set up industry in Special Economic Zones (SEZs) will get significant incentives including exemption from duties and taxes and concessional loans.
According to an official document of China Pakistan Economic Corridor, the Pakistan government has provided a policy package to attract potential investors including Chinese enterprises.
The incentive package includes one-time exemption from all custom duties and taxes on plant and machinery imported into Pakistan for installation in Special Economic Zones.
The Special Economic Zones include Rashakai, Khyber Pakhtunkhwa, Dhabeji Sindh, Bostan Industrial Zone in Balochistan, Allama Iqbal Industrial City, Faisalabad, Maqpoondas in Gilgit Baltistan, ICT Model in Islamabad, Port Qasim in Sindh, Mohmand Marble City in FATA and in Mirpur Azad Kashmir.
Pakistan will provide gas, electricity, water and other supporting facilities and working shelters in the industrial parks, set up under China Pakistan Economic Corridor project.
