New act to give new industrial zones 10-year tax relief

Published: March 20, 2010

PESHAWAR: Minister of State and Chairman Board of Investment Saleem H. Mandviwalla has said that a new Special Economic Zone (SEZ) Act is being introduced according to which new industrial zones would be exempted from tax for the period of ten years.

He was addressing the traders at The Sarhad Chamber of Commerce and Industry (SCCI) today.

New act is being introduced to boost investment in the country, he added. The act would be presented in next federal cabinet meeting before tabling in the Parliament.

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