Pakistan

Pakistan

Signs special economic zones act

10 Sep 2012

Pakistand signed the Special Economic Zones (SEZs) Act on 10 September 2012. Under the Act, local and foreign investors will be provided with tax incentives and other facilities to attract them to invest in these special zones. Entrepreneurs in the zones will get a one-time exemption from customs duties and taxes for all capital goods imported into Pakistan for the development of SEZs. The Act also provides for a ten-year tax holiday, both for SEZ developers and enterprises.