{"id":84234,"date":"2022-03-02T12:18:13","date_gmt":"2022-03-02T07:18:13","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=84234"},"modified":"2022-03-02T12:18:19","modified_gmt":"2022-03-02T07:18:19","slug":"pm-unveils-incentive-package-industrial-sector","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pm-unveils-incentive-package-industrial-sector.html","title":{"rendered":"PM unveils incentive package for industrial sector"},"content":{"rendered":"\n<p>Lahore: Prime Minister (PM) Imran Khan on Tuesday (March 1) announced an incentive package to boost the industrial sector by attracting both foreign and local investment, according to news sources. The new incentive package aims to promote investment in small and medium industries along with the restoration of sick industrial units.\u00a0<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/ruda-industries-register-industrial-zone.html\" target=\"_blank\" rel=\"noreferrer noopener\">RUDA invites industries to register with its Industrial Zone<\/a><\/p>\n\n\n\n<p>Under the package, the tax rate will be reduced by widening the tax base. The overseas Pakistanis will be offered a five-year tax holiday on participation and no questions will be asked from local businesses for investment in the industrial sector.&nbsp;<\/p>\n\n\n\n<p>PM Khan unveiled the industrial package at the Governor of Punjab\u2019s Residence during a one-day visit to Lahore. The premier stated that the package will strengthen the manufacturing and export-oriented industries. He further added that through this package both overseas Pakistani and local entrepreneurs are invited to invest in the industrial sector.\u00a0<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/lda-conversion-agricultural-bedian-road.html\" target=\"_blank\" rel=\"noreferrer noopener\">LDA allows conversion of agricultural land for industrial use on Bedian Road<\/a><\/p>\n\n\n\n<p>Moreover, the government\u2019s focus is on the promotion of <a href=\"https:\/\/www.zameen.com\/news\/pm-for-promotion-and-improvement-of-smes.html\" target=\"_blank\" rel=\"noreferrer noopener\">small and medium enterprises<\/a> through ease of doing business, improved regulations, and revival of sick units. PM Khan emphasised the need for growth in Information Technology (IT) sector. He went on to say that the IT sector had a lot of potential and it should be incentivised to improve exports of the country. The premier also stressed that expatriates are national assets and must be encouraged to invest in the country by removing obstacles in their way.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: Prime Minister (PM) Imran Khan on Tuesday (March 1) announced an incentive package to boost the industrial sector by attracting both foreign and local investment, according to news sources. The new incentive package aims to promote investment in small and medium industries along with the restoration of sick industrial units.\u00a0 Read: RUDA invites industries to register with its Industrial Zone Under the package, the tax rate will be reduced by widening the tax base. The overseas Pakistanis will be offered a five-year tax holiday on participation and no questions will be asked from local businesses for investment in the industrial sector.&nbsp; PM Khan unveiled the industrial package at the Governor of Punjab\u2019s Residence during a one-day visit to Lahore. The premier stated that the package will strengthen the manufacturing and export-oriented industries. He further added that through this package both overseas Pakistani and local entrepreneurs are invited to invest in the industrial sector.\u00a0 Read: LDA allows conversion of agricultural land for industrial use on Bedian Road Moreover, the government\u2019s focus is on the promotion of small and medium enterprises through ease of doing business, improved regulations, and revival of sick units. PM Khan emphasised the need for growth in&hellip;<\/p>\n","protected":false},"author":83,"featured_media":75850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[51363,51362,51364],"persona":[],"class_list":{"0":"post-84234","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-boost-investment-in-small-medium-enterprises","9":"tag-pm-unveils-incentive-package-for-industrial-sector","10":"tag-revival-of-sick-industrial-units","11":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PM unveils incentive package for industrial sector - Zameen News<\/title>\n<meta name=\"description\" content=\"Prime Minister (PM) Imran Khan on Tuesday (March 1) announced an incentive package to boost the industrial sector by attracting both foreign.....\" \/>\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\/pm-unveils-incentive-package-industrial-sector.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM unveils incentive package for industrial sector - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Prime Minister (PM) Imran Khan on Tuesday (March 1) announced an incentive package to boost the industrial sector by attracting both foreign.....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pm-unveils-incentive-package-industrial-sector.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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