PESHAWAR: Khyber Pakhtunkhwa Minister for Finance, Taimur Salim Jhagra Thursday said that government has prepared a new industrial policy for promotion of business and commerce activities in the province.
He was addressing a video link meeting held by KP Board of Investment and Trade to discuss business opportunities in backdrop of corona pandemic.
He said that special desks have been established to promote business, system of dual tax has been revoked and tax reforms have been introduced for a congenial environment for stakeholders.
He informed that reviewed Industrial Policy 2020 comprise three basic elements including revival of sick and low productivity industrial units, provision of needed infrastructure and encouragement of medium level businesses.
Minister said that foundation stone of Rashakai Special Economic Zone would be laid very soon after corona pandemic. He said that licenses, permits, NOC, registration and taxes would be deregulated in 16 different sectors to promote investment and boost industrial development.
He said that KP government welcomes investment adding businessmen and industrialists would be facilitated and provided needed assistance.
