Several tax concessions announced for Balochistan’s industrial sector, Senate told

BusinessSeveral tax concessions announced for Balochistan's industrial sector, Senate told

ISLAMABAD, Pakistan: Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi on Monday informed the Senate that several customs duties and tax concessions had been announced for Balochistan for setting up industries in the province.

Winding up discussion on a resolution urging the government to announce concession in customs duties and taxes for the importers of the province of Balochistan, he said that zero duty had been announced for setting up industries within the 30 km of Gwadar deep seaport.

While, only five percent tax had been announced for the establishment of hotels in Balochistan province, he added.

The Minister said the government had also announced concession for establishing fruit processing factories in the province.

“Several concessions have already been granted to Balochistan, and the government will consider further concessions if recommended by the House,” he added.

Responding to another resolution that the government should grant 50 salaries instead of 36 basic salaries under the head of House Building Advance to the federal government employees, he said it was not possible for the government to grant permission as it would have negative impact on the country’s economy.

He said it would also be difficult for the employees to re-pay the advance amount.

He said 2,511 scholarships had been given to students of Balochistan besides the government regularized services of 5,000 teachers.

Vocational training has also been imparted to 5,080 students, he added.

Source: APP

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

37 Brigadiers of Pakistan Army promoted as Major Generals

CTD Punjab claimed to kill three TTP terrorists near Rawalpindi

0
Rawalpindi, Pakistan: The Counter Terrorism Department (CTD) of Punjab killed three TTP terrorists (officially known as Khawaji) at Chakri, 30 km away from the...
Ukraine to receive 500,000 artillery shells by yearend from Czech Republic Monitoring Desk: In dire need to counter Russian aggression, Ukraine will receive 500,000 shells of various calibers by the end of this year from Czech Republic, reports Ukrinform. Referring to announcement of Czech Foreign Minister Jan Lipavský, Ukrinform reports that Czech Republic will continue to provide support to Ukraine to repel and stop Russian aggression. "As you know, my country has launched an initiative on ammunition. By the end of the year, 500,000 large-caliber shells will be delivered. We will not stop there. We will continue to provide the Armed Forces of Ukraine with the necessary support," the Czech Foreign Minister emphasized.

Ukraine to receive 500,000 artillery shells by yearend from the Czech Republic

0
Monitoring Desk: In dire need to counter Russian aggression, Ukraine will receive 500,000 shells of various calibers by the end of this year from...

PTI Protest Updates: Bushra Bibi stays away from protest

0
Islamabad, Pakistan: Owing to the fear of arrest, former first lady Bushra Bibi has decided to avoid the PTI protest on November 24. She...

Bushra Bibi leveled serious charges against Saudi Arabia

0
Monitoring Desk: The former First Lady of Pakistan Bushra Bibi has leveled a serious allegation against a brotherly Muslim country in her recent video...
US reopens Kyiv embassy after warning issued following big Ukrainian strike on Russia

US reopens Kyiv embassy after warning issued following big Ukrainian strike on Russia

0
Monitoring Desk: The United States reopened its embassy in Kyiv after it had shut for the day due to what Washington called the "threat...
Advertisement