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Pakistan launches special technology zones authority

Pakistan launches special technology zones authority
Business
January 9, 2021
ISLAMABAD: Prime Minister Imran Khan on Friday launched the special technology zones authority that envisages comprehensive duty and tax incentives for a period of 10 years to local and foreign investors.
“Special technology zones authority will serve to create a space for foreign investors, indigenous companies and educational and training institutes to collaborate for information technology driven industrial revolution in Pakistan,” Khan said in a statement. “Collaborative efforts and correct course of comprehensive national development through these STZs will lead to the utilization of the immense potential of the youth of Pakistan.”
The leading government body is mandated to promote national innovation system in Pakistan. Amer Ahmed Hashmi has been appointed the chairman of the authority. ....

South Korea , Amer Ahmed Hashmi , Technology Zone Authority Ordinance , Prime Minister Imran Khan , Special Technology Zone Authority Ordinance , தெற்கு கொரியா , தொழில்நுட்பம் ஸோந் அதிகாரம் ஆர்டிநந்ஸ் , ப்ரைம் அமைச்சர் இம்ரான் காந் , சிறப்பு தொழில்நுட்பம் ஸோந் அதிகாரம் ஆர்டிநந்ஸ் ,

Ten-year tax incentives granted to special technology zones

Business
December 15, 2020
KARACHI: The government has granted a comprehensive duty and tax incentives for a period of 10 years to investors operating in the proposed special technology zones (STZs), sources in the Federal Board of Revenue (FBR) said on Monday.
The incentives also include immunity from explaining the source of funds to be invested. Besides, exemptions are also available from declaring income and assets for 10 years. The sources said the incentives have been granted through a presidential order to promulgate Special Technology Zone Authority Ordinance 2020 on December 2.
The purpose of the ordinance is to provide institutional and legislative support for the technology sector to increase productivity and decrease cost of production through high-tech interventions, according to the sources. ....

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