{"id":65541,"date":"2020-05-17T10:00:00","date_gmt":"2020-05-17T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=65541"},"modified":"2020-05-15T16:27:50","modified_gmt":"2020-05-15T11:27:50","slug":"authorities-asked-to-fix-issues-faced-by-sezs","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/authorities-asked-to-fix-issues-faced-by-sezs.html","title":{"rendered":"CPEC body urges authorities to resolve issues hindering SEZs\u2019 establishment"},"content":{"rendered":"\n<p>Islamabad: During an in-camera meeting of the Parliamentary Committee on China Pakistan Economic Corridor (CPEC) held on Thursday (May 14), the committee tasked with overseeing all CPEC-related developments asked the Federal Board of Revenue (FBR), the Board of Investment (BOI), and the State Bank of Pakistan (SBP) to resolve all the issues pertaining to the establishment and functioning of the country\u2019s special economic zones (SEZs) on a priority basis, a news source reported.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fbr-directed-connect-sez-weboc-psw.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR directed to connect SEZs with WeBOC, PSW<\/a><\/p>\n\n\n\n<p>Addressing these issues would pave the way for Pakistan to reap the economic benefits expected from CPEC\u2019s early harvest projects, the meeting members were told.<\/p>\n\n\n\n<p>The attendees also received a detailed presentation on the projects currently underway and completed under the CPEC framework. Further, the proceedings included an FBR briefing on sales tax, income tax and custom duties regarding Gwadar and the SEZs set up in Rashakai and Faisalabad.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/piedmc-asks-investors-develop-factories-sezs.html\" target=\"_blank\" rel=\"noreferrer noopener\">PIEDMC asks investors to develop factories in SEZs<\/a><\/p>\n\n\n\n<p>The meeting\u2019s agenda also included a briefing on the modalities of banking facilities and exemptions extended to local and foreign companies. To resolve these and other related matters, the session attendees decided to take up all tax and duty-related issues regarding Rashakai and the Faisalabad SEZs with the FBR.<\/p>\n\n\n\n<p>Addressing the meeting members, CPEC Parliamentary Committee Chairman Sher Ali Arbab said that \u2018every concession and facility that signals industrial growth\u2019 and \u2018allows Pakistan to reduce its reliance on imports\u2019 must be arranged for.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: During an in-camera meeting of the Parliamentary Committee on China Pakistan Economic Corridor (CPEC) held on Thursday (May 14), the committee tasked with overseeing all CPEC-related developments asked the Federal Board of Revenue (FBR), the Board of Investment (BOI), and the State Bank of Pakistan (SBP) to resolve all the issues pertaining to the establishment and functioning of the country\u2019s special economic zones (SEZs) on a priority basis, a news source reported. Read: FBR directed to connect SEZs with WeBOC, PSW Addressing these issues would pave the way for Pakistan to reap the economic benefits expected from CPEC\u2019s early harvest projects, the meeting members were told. The attendees also received a detailed presentation on the projects currently underway and completed under the CPEC framework. Further, the proceedings included an FBR briefing on sales tax, income tax and custom duties regarding Gwadar and the SEZs set up in Rashakai and Faisalabad. Read: PIEDMC asks investors to develop factories in SEZs The meeting\u2019s agenda also included a briefing on the modalities of banking facilities and exemptions extended to local and foreign companies. To resolve these and other related matters, the session attendees decided to take up all tax and duty-related issues&hellip;<\/p>\n","protected":false},"author":18,"featured_media":62317,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012,20385],"tags":[29338,29340,29339],"persona":[],"class_list":{"0":"post-65541","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"category-development-projects","9":"tag-authorities-asked-to-fix-issues-faced-by-sezs","10":"tag-cpec-economic-zones","11":"tag-cpec-projets","12":"cat-15012-id","13":"cat-20385-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Authorities asked to fix issues faced by SEZs - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: During an in-camera meeting of the Parliamentary Committee on China Pakistan Economic Corridor (CPEC) held on Thursday\" \/>\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\/authorities-asked-to-fix-issues-faced-by-sezs.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Authorities asked to fix issues faced by SEZs - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: During an in-camera meeting of the Parliamentary Committee on China Pakistan Economic Corridor (CPEC) held on Thursday\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/authorities-asked-to-fix-issues-faced-by-sezs.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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