LIVE: Sindh News Online SN TV

  • Trending
  • Comments
  • Latest
PIA plane crash: Punjab CM meets family of martyred pilot

PIA plane crash: Punjab CM meets family of martyred pilot

May 24, 2020
PIA plane crash: Investigation team finds engine scratch marks on runway

PIA plane crash: Investigation team finds engine scratch marks on runway

May 24, 2020
Maryam Nawaz channels her inner Halime Sultan at jalsa in GB

Maryam Nawaz channels her inner Halime Sultan at jalsa in GB

November 11, 2020

Lady Gaga Pulled Off One of the Best Halftime Shows Ever

0

Barack Obama’s Now Mainly Focusing on Wearing This Casual Backwards Hat

0

Watch Justin Timberlake’s ‘Cry Me a River’ Come to Life in Mesmerizing Dance

0
All eyes on SC’s historic hearing on suo motu notice: Fawad

All eyes on SC’s historic hearing on suo motu notice: Fawad

May 19, 2022
Omar Cheema moves IHC against his removal as Governor Punjab

Omar Cheema moves IHC against his removal as Governor Punjab

May 19, 2022
SC bars govt from transferring officers investigating high-profile cases

SC bars govt from transferring officers investigating high-profile cases

May 19, 2022

Follow Us

  • 111 Followers
  • 27.7k Followers
  • 168k Subscribers
  • 650 Followers

Most Popular

PIA plane crash: Punjab CM meets family of martyred pilot

PIA plane crash: Punjab CM meets family of martyred pilot

May 24, 2020
PIA plane crash: Investigation team finds engine scratch marks on runway

PIA plane crash: Investigation team finds engine scratch marks on runway

May 24, 2020
Maryam Nawaz channels her inner Halime Sultan at jalsa in GB

Maryam Nawaz channels her inner Halime Sultan at jalsa in GB

November 11, 2020
COAS visits LoC, says Army celebrating Eid-ul-Fitr in solidarity with Kashmiris under lockdown

COAS visits LoC, says Army celebrating Eid-ul-Fitr in solidarity with Kashmiris under lockdown

May 24, 2020
Online Tribute paid to famous Sindhi Fiction writer and Novelist Ali Baba on eve of his Birthday

Online Tribute paid to famous Sindhi Fiction writer and Novelist Ali Baba on eve of his Birthday

July 26, 2020
Social activist and journalist Shaheena Shaheen shot dead in Turbat

Social activist and journalist Shaheena Shaheen shot dead in Turbat

September 5, 2020
Load More
  • URDU
  • SINDHI
Thursday, May 26, 2022
  • Login
Sindh News Online
  • Home
  • News
    • All
    • Business
    • Pakistan
    • Politics
    • Science
    • World
    All eyes on SC’s historic hearing on suo motu notice: Fawad

    All eyes on SC’s historic hearing on suo motu notice: Fawad

    Omar Cheema moves IHC against his removal as Governor Punjab

    Omar Cheema moves IHC against his removal as Governor Punjab

    SC bars govt from transferring officers investigating high-profile cases

    SC bars govt from transferring officers investigating high-profile cases

    Pakistani soldiers sacrificed their lives for protection of motherland: COAS

    Pakistani soldiers sacrificed their lives for protection of motherland: COAS

    CJP takes suo motu notice of govt’s interference in investigative institutions

    CJP takes suo motu notice of govt’s interference in investigative institutions

    Punjab govt reduces price of 10kg flour bag to Rs 490

    Punjab govt reduces price of 10kg flour bag to Rs 490

    Pakistan calls for united action to tackle challenge of food security

    Pakistan calls for united action to tackle challenge of food security

    Bilawal meets US counterpart, discusses bilateral ties

    Bilawal meets US counterpart, discusses bilateral ties

    Women suicide bombers being prepared, Balochistan govt reveals

    Women suicide bombers being prepared, Balochistan govt reveals

    PM desires further deepening of Pakistan-EU cooperative ties

    PM desires further deepening of Pakistan-EU cooperative ties

    Trending Tags

    • Donald Trump
    • Future of News
    • Climate Change
    • Market Stories
    • Election Results
    • Flat Earth
  • Tech
    • All
    • Apps
    • Gear
    • Mobile
    • Startup
    Minar-e-Pakistan incident: 66 people arrested through geo-fencing, face matching

    Minar-e-Pakistan incident: 66 people arrested through geo-fencing, face matching

    Google marks Pakistan’s Independence Day with Khojak Tunnel doodle

    Google marks Pakistan’s Independence Day with Khojak Tunnel doodle

    US elections: Facebook, Twitter introduce new measures to battle misinformation

    US elections: Facebook, Twitter introduce new measures to battle misinformation

    Trump order limits Chinese internet giants TikTok, WeChat from operating in US

    Trump order limits Chinese internet giants TikTok, WeChat from operating in US

    US ‘certainly looking at’ banning Chinese social media apps, including Tik Tok: Pompeo

    US ‘certainly looking at’ banning Chinese social media apps, including Tik Tok: Pompeo

    5G: Singapore telcos pick Nokia, Ericsson over Huawei

    5G: Singapore telcos pick Nokia, Ericsson over Huawei

    Twitter tests feature asking you to open article before retweeting

    Twitter tests feature asking you to open article before retweeting

    George Floyd protests: Google postpones Android 11 beta launch

    George Floyd protests: Google postpones Android 11 beta launch

    TikTok India responds to criticism over controversial video glorifying acid attacks

    TikTok India responds to criticism over controversial video glorifying acid attacks

    Facebook says it removed huge number of violent, hate-speech filled posts

    Facebook says it removed huge number of violent, hate-speech filled posts

    Trending Tags

    • Flat Earth
    • Sillicon Valley
    • Mr. Robot
    • MotoGP 2017
    • Golden Globes
    • Future of News
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Pak vs Aus: Usman Khawaja eyes 200, Australia 332-4 in Karachi Test

    Pak vs Aus: Australia wins toss, decides to bat first against Pakistan in final Test battle

    Pak vs Aus: Usman Khawaja eyes 200, Australia 332-4 in Karachi Test

    Pak vs Aus: T20I, ODI matches shifted from Rawalpindi to Lahore

    Pak vs Aus: PCB may move T20I, ODIs to Lahore as pressure mounts in capital

    Pak vs Aus: PCB may move T20I, ODIs to Lahore as pressure mounts in capital

    Pak vs Aus: Usman Khawaja eyes 200, Australia 332-4 in Karachi Test

    Pak vs Aus: Usman Khawaja eyes 200, Australia 332-4 in Karachi Test

    Cricket Australia’s Nick Hockley shows interest in hosting tri-series involving India, Pakistan

    India Women team crushes Pakistan in opening World Cup game

    India Women team crushes Pakistan in opening World Cup game

    Rawalpindi Test 2nd day: Confident Pakistan bat against Australia

    Rawalpindi Test 2nd day: Confident Pakistan bat against Australia

    Peshawar blast: Australia coach Andrew McDonald says team in ‘really, really good hands’

    Australia cricket legend Shane Warne dead aged 52

    Australia cricket legend Shane Warne dead aged 52

    Nation praying for Babar and team’s victory: Ch Fawad

    Nation praying for Babar and team’s victory: Ch Fawad

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Coronavirus positivity rate drops further in Pakistan

    Pakistan reports 76 coronavirus cases, no deaths in 24 hours

    Coronavirus kills 35 Pakistanis, infects 1,226 in one day

    Pakistan reports 238 coronavirus cases, no deaths in 24 hours

    Pakistan reports 723 coronavirus cases, 7 deaths in 24 hours

    Pakistan reports no deaths from coronavirus as fifth wave fades away

    Pakistan reports 723 coronavirus cases, 7 deaths in 24 hours

    Pakistan reports 186 coronavirus cases, one death in 24 hours

    Pakistan reports 723 coronavirus cases, 7 deaths in 24 hours

    Pakistan reports 310 coronavirus cases, 5 deaths in 24 hours

    Pakistan reports no new COVID-19 deaths for first time since start of pandemic

    Pakistan reports no new COVID-19 deaths for first time since start of pandemic

    China weighs exit from ‘zero COVID’ and the risks involved

    China weighs exit from ‘zero COVID’ and the risks involved

    Pakistan reports 514 coronavirus cases, 2 deaths in 24 hours

    Pakistan reports 514 coronavirus cases, 2 deaths in 24 hours

    Pakistan reports lowest coronavirus deaths in over two months

    Pakistan reports lowest coronavirus deaths in over two months

    Daily COVID-19 report: Pakistan logs lowest number of deaths since Jan 11

    Daily COVID-19 report: Pakistan logs lowest number of deaths since Jan 11

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Video
No Result
View All Result
Sindh News Online
No Result
View All Result
ADVERTISEMENT
Home Breaking News

PM Imran Khan announces 5-year tax relief for overseas investors

by admin
March 1, 2022
in Breaking News, Featured News, News, Pakistan, Politics
0
PM Imran Khan announces 5-year tax relief for overseas investors
492
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

LAHORE :(Web Desk) Prime Minister Imran Khan has announced a five-year tax exemption for overseas investors to bolster investment in Pakistan.

He made the announcement during a gathering in Lahore to announce an industrial package to promote business activities in the country.

Addressing the ceremony, the premier said that countries progress from industrial development. “No country can become great without a manufacturing base and industrial growth,” he said.

“A country develops when there is wealth creation, without it they cannot move forward,” he said, adding that when a government forms policies against profit-making, it halts the development of industries and reduces investment opportunities.

He further explained when industries earn profit, other investors get attracted to that particular sector.

PM Imran Khan said that earlier such policies were made which were unfavourable for industrial growth, due to which the country’s exports stopped increasing as there was no long-term plan in place.

“Pakistan never paid attention towards the export sector; whenever we faced a shortage of the US dollar we approached the International Monetary Fund (IMF),” he lamented.

Sharing details of the package, the premier said that the growth of small and medium industries have been focused on, for which the government has introduced a policy and is creating facilities for the sector’s growth.

Incentives for overseas Pakistanis

Speaking about the five-year tax exemption for foreign investors, the premier said that if they invest in the industries of Pakistan, our country will develop further.

“Facilities will be given to overseas Pakistanis who face difficulties investing in the country,” he said, citing an example that whenever overseas Pakistanis purchase land in Pakistan it has been illegally occupied as they are not personally around to look after their property.

‘I should have announced an amnesty earlier’

During his address, he highlighted the issue of the rising current account deficit.

“The biggest challenge that we face is of a current account deficit which is triggered due to stagnant exports,” he said.

Pakistan’s current account deficit — the gap between the country’s higher foreign expenditure and low income — widened to a 13-year high of $2.6 billion in January 2022 in the wake of a surge in import payments due to rising commodity prices in the international market.

This was the highest-ever monthly current account deficit. The last time the figure was this high was back in October 2008 when it was $2.03bn.

PM Imran Khan admitted that he should have announced an amnesty for the industries as soon as he was sworn as the prime minister back in 2018.

Rapid growth to be seen in IT sector

Expressing hope in the IT sector, he said that the most rapid growth will be seen in this sector; however, he regretted that we treat the sector like normal industries.

“We are trying to make the country self-sufficient and the business community will play a major role in doing so,” he said.

PM directs CM Punjab to take action against encroachers

Prime Minister Imran Khan meets Chief Minister Punjab Usman Buzdar during his day-long visit to Lahore on March 1, 2022. — PID

Prime Minister Imran Khan meets Chief Minister Punjab Usman Buzdar during his day-long visit to Lahore on March 1, 2022. — PID

Earlier, during a meeting with Chief Minister Punjab Usman Buzdar, the premier directed him to take effective measures for the provision of maximum relief and ensure the delivery of quality services to the people of Punjab.

PM Imran Khan further instructed Buzdar to protect the rights, lives and property of people and to take stern action against encroachers, hoarders and miscreant elements in society, Radio Pakistan reported.

During the meeting, the premier was briefed about developmental projects being carried out across the province.

PM on a day-long trip to Lahore

Federal Minister for Education Shafqat Mehmood, Energy Minister Hammad Azhar, Aviation Minister Ghulam Sarwar Khan, Industrial Minister Khusro Bakhtyar and Adviser to Prime Minister on Commerce Abdul Razak Dawood accompanied the premier on his day-long trip.

PM Imran Khan is also scheduled to meet members of Parliament from Rawalpindi, Bahawalpur, Multan and Sahiwal.

According to sources, he is also scheduled to meet PML-Q’s Chaudhry brothers.

Meanwhile, due to premier’s Lahore trip, the weekly scheduled cabinet meeting has been postponed.

Tags: 5-year tax reliefoverseas investorsPM Imran Khan
Share197Tweet123Share49
admin

admin

LIVE: Sindh News Online SN TV

  • Trending
  • Comments
  • Latest
PIA plane crash: Punjab CM meets family of martyred pilot

PIA plane crash: Punjab CM meets family of martyred pilot

May 24, 2020
PIA plane crash: Investigation team finds engine scratch marks on runway

PIA plane crash: Investigation team finds engine scratch marks on runway

May 24, 2020
Maryam Nawaz channels her inner Halime Sultan at jalsa in GB

Maryam Nawaz channels her inner Halime Sultan at jalsa in GB

November 11, 2020

Lady Gaga Pulled Off One of the Best Halftime Shows Ever

0

Barack Obama’s Now Mainly Focusing on Wearing This Casual Backwards Hat

0

Watch Justin Timberlake’s ‘Cry Me a River’ Come to Life in Mesmerizing Dance

0
All eyes on SC’s historic hearing on suo motu notice: Fawad

All eyes on SC’s historic hearing on suo motu notice: Fawad

May 19, 2022
Omar Cheema moves IHC against his removal as Governor Punjab

Omar Cheema moves IHC against his removal as Governor Punjab

May 19, 2022
SC bars govt from transferring officers investigating high-profile cases

SC bars govt from transferring officers investigating high-profile cases

May 19, 2022
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Whatsapp: 0337 0359958

© 2020 Sindh News Online. Ali Zafar Awan (CEO) 0317 4282208, Director News: Sadar ud din Jokhio. Web Development Company Cyber Design

No Result
View All Result
  • Home
  • News
    • Politics
    • Business
    • World
    • Science
  • Entertainment
    • Gaming
    • Music
    • Movie
    • Sports
  • Tech
    • Apps
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Food
    • Fashion
    • Health
    • Travel

© 2020 Sindh News Online. Ali Zafar Awan (CEO) 0317 4282208, Director News: Sadar ud din Jokhio. Web Development Company Cyber Design

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In