Tax holiday for Balchistan should be for 5 years

Karachi, June 23, 2015 (PPI-OT):President, Lasbela Chamber of Commerce and Industry (LCCI) Yakoob H Karim has appreciated the Federal Finance Minister Ishaq Dar for declaring three years tax holiday for the industries to be setup in Balochistan on pattern of Khyber Pakhtun Khawa (KPK).

He has announced the exemption from taxes including the turnover tax. However Yakoob Karim said that this type of exemption should be allowed at least for five years in Khyber Pakhtun Khawa (KPK) and Balochistan equally as only for three years’ exemption may not attract a many investors to set up their industrial units in Balohistan.Yakoob H. Karim in any case has welcomed the announcement and hoped that the investors would take benefit of this incentive for which the Lasbela Chamber has been requesting to the government since long.

Yakoob has stressed upon the construction of Hub Bypass whose proposal has already been approved and PC-I is awaitin g to be mplemented. He also proposed that the tax exemption limit be extended to five years as has been allowed for KPK. He is of the opinion that tax exemption incentive along with the construction of Hub Bypass will certainly bring a positive change in the economy of Balochistan with the enhancement of living standards of its people and minimising the terrorist activities in the troubled province.

For more information, contact:
Muhammad Farhan
Public Relations Officer
Lasbela Chamber of Commerce and Industry (LCCI)
Ground Floor,
Lieda Office Building,
Hub Distt., Lasbela
Tel: +92-85-3303410, +92-85-3304461
Fax: +92-85-3302431
Cell: +92-85-300-2023448

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