PBIT is the government’s first-ever professional interface for the public-private partnership and its aim is to help investors set up business through a one-window operation without any hassle. He said that the Punjab government has recently passed a Private Public Partnership Act 2009 providing full security to investors. Some of the incentives to investors include permission for a hundred per cent foreign equity, advanced tax ruling, equal treatment of local and foreign investors, no mandatory government sanctions, no sales tax on import of machinery, a wide network of export processing zones and industrial estates, full exemption of customs duties and taxes on the import of capital equipment and a corporate income tax holiday for a period of five years. However, when asked whether investors are scared to go to Pakistan for fear of their safety due to the law-and-order situation, Ahsanuddin said there are certain ground realities which the government was trying its best to cope with and the security situation is one of them. Other Al Nisr publications 4men | Aquarius | Campus Notes | e+ | Explore | Freehold Monthly | Friday | Quarterly Financial Review | InsideOut | Property | tabloid! read more

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