Islam Abad: Caretaker Finance Minister Dr. Shamshad Akhtar has stated that for financial prosperity, consideration ought to be given to facilitate funding by ending the dependence on tax exemptions.
In line with the small print, a gathering of the Particular Know-how Zone and Particular Financial Zone Committee was held beneath the chairmanship of the Caretaker Federal Finance Minister Dr. Shamshad Akhtar, by which the progress relating to the amenities and incentives within the Particular Know-how Zones and Particular Financial Zones was reviewed.
Minister IT Dr Umar Saif, Advisor to Prime Minister Ahad Cheema, Senator Rafnanullah, Secretary Finance, Secretary Legislation, Chairman FBR, Chairman STZ, Chairman CDA and senior officers of Ministry of Finance and FBR participated within the assembly.
Within the assembly, the comparative mannequin of Particular Know-how Zones and the progress and challenges within the current Particular Know-how Zones and Particular Financial Zones have been knowledgeable.
Within the assembly, there was a complete and detailed dialogue on the amenities and incentives out there in particular know-how zones and particular financial zones, making them lively and environment friendly and in accordance with the wants of up to date know-how, whereas the individuals have been instructed that 8 particular know-how zones have been introduced by which 5 are totally purposeful.
Within the assembly, the individuals additionally reviewed the methods and insurance policies for the aim of innovation, financial progress and innovation in know-how to function particular know-how zones and particular financial zones and to draw home and worldwide funding for this goal.
Emphasizing the important thing significance of Particular Know-how Zones and Particular Financial Zones for the event and progress of the nationwide financial system, the Finance Minister stated that the federal government is set to make the nation a middle of technological improvement and financial prosperity, however for this, now we have to offer tax exemptions. As an alternative of dependence, focus ought to be on facilitating enterprise and funding.
He expressed hope that because of discussions and proposals, particular know-how zones and particular financial zones can be helped to run in an efficient and lively method. Shamshad Akhtar stated that the caretaker authorities desires to make Pakistan a know-how and financial hub.
The Federal Finance Minister stated that particular know-how and particular financial zones wish to present a pleasant atmosphere for enterprise.