Investment incentives welcomed for GoB

The step is likely to boost infrastructure development


​ Our Correspondent June 18, 2020 Less than a minute read
PHOTO: FILE

QUETTA: Balochistan Board of Investment Chief Executive Farman Zarkoon has welcomed the announcement of special incentives for investment in Balochistan in the federal budget 2020-21.

Expressing his views, Zarkoon said that this step undertaken by the federal government will support the development in road sector as well as investors and the business community will get access to market easily.

He added that the budget made several recommendations in the Finance Act 2020 regarding declaring Gwadar as a free zone. Special incentives have also been given to the industrial sector in the budget.

“Investors and industrialists will get substantial relief in terms of duties while dealing with the coronavirus situation.” Zarkoon also said the government is providing a Rs30 billion subsidy in the construction sector as such kind of steps will restore the confidence of investors and revolutionary changes will be witnessed in the construction sector.

“The government under the leadership of Chief Minister Jam Kamal is covering the distance of development in Balochistan. The Board of Trustees is working day and night to advance the vision of the CM.  Steps are also being taken to fill the vacuum created by the coronavirus,” he concluded.

Published in The Express Tribune, June 18th, 2020.

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