Islamabad: Minister of State for Finance Rana Muhammad Afzal said on 29th January 2018 that tax holidays would be granted to all businessmen and companies under various projects of China Pakistan Economic Corridor.
All the businessmen and companies would be given tax exemptions so that they can easily form industrial zones and carry out their activities, extensively. He further added that tax holidays will be given for a limited period, keeping in view the need to expand the industrial base in the region. While commenting on the need for regulatory duties, the Minister said that checks and balances have been placed to avoid unnecessary flooding of things and material in the country.
He concluded by saying that the situation in the country has improved significantly and that the business environment is flourishing.
