{"id":55600,"date":"2019-09-25T14:20:24","date_gmt":"2019-09-25T09:20:24","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=55600"},"modified":"2020-09-10T17:02:06","modified_gmt":"2020-09-10T12:02:06","slug":"three-industrial-estates-get-10-year-tax-exemption-facility","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/three-industrial-estates-get-10-year-tax-exemption-facility.html","title":{"rendered":"Three industrial estates get 10-year tax exemption facility"},"content":{"rendered":"<p>Lahore: Prime Minister (PM) Imran Khan has approved a Special Economic Zone (SEZ) status for three industrial estates in Punjab; facilitating the provision of a 10-year tax exemption for these enterprise zones situated in Bhalwal, Rahim Yar Khan and Vehari \u2013 a news source reported. The Punjab Industrial Estates Development and Management Company (PIEDMC) oversees the affairs of these estates.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/piedmc-to-expedite-work-on-industrial-parks-in-punjab.html\" target=\"_blank\" rel=\"noopener noreferrer\">PIEDMC to expedite work on industrial parks in Punjab<\/a><\/p>\n<p>Punjab Industrial Estates Chairman Syed Nabeel Hashmi expressed his views on the matter during a media briefing on Tuesday. He noted that the step would revolutionise the industrial sector and usher in a new era of progress and prosperity for the country, especially for Punjab. He added that two of the three industrial estates are located in south Punjab.<\/p>\n<p>He mentioned that he had recently briefed the PM in a meeting held at the PM Secretariat about the measures and incentives required to boost the industrial sector, generate employment and increase exports.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/pm-to-inaugurate-industrial-city-in-december.html\" target=\"_blank\" rel=\"noopener noreferrer\">PM to inaugurate Industrial City in December<\/a><\/p>\n<p>He said that the Special Economic Zone (SEZ) Act provided fiscal incentives, which included a 10-year tax exemption facility and one-time duty exemption on the import of machinery, to facilitate private developers and industrialist in their business activity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: Prime Minister (PM) Imran Khan has approved a Special Economic Zone (SEZ) status for three industrial estates in Punjab; facilitating the provision of a 10-year tax exemption for these enterprise zones situated in Bhalwal, Rahim Yar Khan and Vehari \u2013 a news source reported. The Punjab Industrial Estates Development and Management Company (PIEDMC) oversees the affairs of these estates. Read:\u00a0PIEDMC to expedite work on industrial parks in Punjab Punjab Industrial Estates Chairman Syed Nabeel Hashmi expressed his views on the matter during a media briefing on Tuesday. He noted that the step would revolutionise the industrial sector and usher in a new era of progress and prosperity for the country, especially for Punjab. He added that two of the three industrial estates are located in south Punjab. He mentioned that he had recently briefed the PM in a meeting held at the PM Secretariat about the measures and incentives required to boost the industrial sector, generate employment and increase exports. Read:\u00a0PM to inaugurate Industrial City in December He said that the Special Economic Zone (SEZ) Act provided fiscal incentives, which included a 10-year tax exemption facility and one-time duty exemption on the import of machinery, to facilitate private developers&hellip;<\/p>\n","protected":false},"author":57,"featured_media":34658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[13145],"persona":[],"class_list":["post-55600","post","type-post","status-publish","format-standard","has-post-thumbnail","category-legal-taxation","tag-three-industrial-estates-get-10-year-tax-exemption-facility","cat-15015-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Three industrial estates get 10-year tax exemption facility - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: Prime Minister (PM) Imran Khan has approved a Special Economic Zone (SEZ) status for three industrial estates in Punjab; 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