“Pakistan offers ‘huge potential’ for Chinese investors across agriculture, technology, mining and manufacturing sectors, backed by sweeping incentives, simplified regulations and expanding China-Pakistan Economic Corridor (CPEC) cooperation, Pakistan’s Federal Minister for Investment and Chairman of the Board of Investment (BOI) Qaiser Ahmed Sheikh said.”
“Sheikh said Pakistan’s Special Economic Zones (SEZs) are offering extensive incentives to foreign investors, including duty-free machinery imports, exemption from sales tax on machinery and a nine-year income tax holiday.”
“He also revealed that Pakistan is allocating 6,000 acres of land [9km square] for industrial investors, with plots ranging from 500 to 1,000 acres available free of charge for serious export-oriented ventures.”
” ‘We are giving those lands just free of cost, so that the initial investment is not made on the land, but on industries, machinery and manufacturing,’ he said.”