{"id":53790,"date":"2019-07-21T10:00:32","date_gmt":"2019-07-21T05:00:32","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=53790"},"modified":"2019-07-19T18:21:27","modified_gmt":"2019-07-19T13:21:27","slug":"pkr-18-5-bn-required-electrification-nine-sezs","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pkr-18-5-bn-required-electrification-nine-sezs.html","title":{"rendered":"PKR 18.5 bn required to electrification of nine SEZs"},"content":{"rendered":"<p>Islamabad: According to several documents presented in a meeting of the Senate Special Committee, the authorities concerned require funds worth PKR 18.5 billion to supply electricity to the nine special economic zones (SEZs) being developed under the CPEC project. Senator Sherry Rehman presided over a meeting to this effect in Islamabad.<\/p>\n<p>The document provide insights into incentives planned for the companies who invest in the development of SEZs. These included provision of utilities at the zero-point of the zones. The firms would be given income tax exemption for five years and one-time exemption on custom duties for plant and machinery.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/punjab-govt-orders-immediate-provision-of-electricity-to-sezs.html\" target=\"_blank\" rel=\"noopener noreferrer\">Punjab govt orders immediate provision of electricity to SEZs<\/a><\/p>\n<p>Similarly, zone enterprises would be provided with an income tax exemption for 10 years on the units which will commence with the production by 30 June, 2020, and five years for the units which start production later after the said period.<\/p>\n<p>The officials concerned informed that the executive had already allocated fund worth PKR 1.4 billion for the electrification process under the Public Sector Development Programme (PSDP) announced for the (fiscal year) FY2019-20.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/cpec-committee-directs-authorities-to-speed-up-work-on-economic-zones.html\" target=\"_blank\" rel=\"noopener noreferrer\">CPEC committee directs authorities to speed up work on economic zones<\/a><\/p>\n<p>They added that the Board of Investment (BoI) had undertaken the arrangements aimed at supplying electricity to the SEZs. Moreover, the executive would soon release <a href=\"https:\/\/www.zameen.com\/news\/pkr-500-mn-allocated-sezs-next-psdp.html\" target=\"_blank\" rel=\"noopener noreferrer\">PKR 500 million<\/a> for the construction of a grid station at the Bin Qasim Industrial Park.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: According to several documents presented in a meeting of the Senate Special Committee, the authorities concerned require funds worth PKR 18.5 billion to supply electricity to the nine special economic zones (SEZs) being developed under the CPEC project. Senator Sherry Rehman presided over a meeting to this effect in Islamabad. The document provide insights into incentives planned for the companies who invest in the development of SEZs. These included provision of utilities at the zero-point of the zones. The firms would be given income tax exemption for five years and one-time exemption on custom duties for plant and machinery. Read:\u00a0Punjab govt orders immediate provision of electricity to SEZs Similarly, zone enterprises would be provided with an income tax exemption for 10 years on the units which will commence with the production by 30 June, 2020, and five years for the units which start production later after the said period. The officials concerned informed that the executive had already allocated fund worth PKR 1.4 billion for the electrification process under the Public Sector Development Programme (PSDP) announced for the (fiscal year) FY2019-20. Read:\u00a0CPEC committee directs authorities to speed up work on economic zones They added that the Board of Investment&hellip;<\/p>\n","protected":false},"author":74,"featured_media":40536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[12332],"persona":[],"class_list":{"0":"post-53790","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-pkr-18-5-bn-required-to-electrification-of-nine-sezs"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PKR 18.5 bn required to electrification of nine SEZs - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: According to several documents presented in a meeting of the Senate Special Committee, the authorities concerned require funds worth PKR 18.5\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pkr-18-5-bn-required-electrification-nine-sezs.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PKR 18.5 bn required to electrification of nine SEZs - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: According to several documents presented in a meeting of the Senate Special Committee, the authorities concerned require funds worth PKR 18.5\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pkr-18-5-bn-required-electrification-nine-sezs.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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