Tax holiday for businessmen under CPEC projects to help establish industrial zones: FM Afzal

Minister of State for Finance Rana Muhammad Afzal on Thursday said that tax holiday given to businessmen and companies under China Pakistan Economic Corridor projects, would help establish industrial zones in the country.

The businessmen and companies would enjoy the tax exemption facility to import machinery for CPEC projects and this tax holiday was given for a limited period, he said while talking to a news channel.

The present government was focusing on utilizing the natural resources for energy and dam projects so that living standard of the common man could be changed, he said.

To a question, he said regulatory duty was imposed to control flooding of unnecessary things or material to Pakistan.

"Our industrial sector had to face serious trouble due to shortage of gas and electricity in the past," he said.

The present government after coming into power had overcome the energy crisis, he said adding that industrial sector has been revived due to availability of electricity and gas in the country.