Warning: Illegal string offset 'file' in /home/overseas/public_html/cake/libs/debugger.php on line 622

Warning: Illegal string offset 'line' in /home/overseas/public_html/cake/libs/debugger.php on line 622
Warning (2): session_start() [function.session-start]: open(/home/overseas/public_html/app/tmp/sessions/sess_l5av3bsbcr9g8aunniq2bo02j1, O_RDWR) failed: Disk quota exceeded (122) [CORE/cake/libs/cake_session.php, line 587]

Warning: Illegal string offset 'file' in /home/overseas/public_html/cake/libs/debugger.php on line 622

Warning: Illegal string offset 'line' in /home/overseas/public_html/cake/libs/debugger.php on line 622
Warning (2): session_start() [function.session-start]: Cannot send session cache limiter - headers already sent (output started at /home/overseas/public_html/cake/libs/debugger.php:622) [CORE/cake/libs/cake_session.php, line 587]

Warning: Illegal string offset 'file' in /home/overseas/public_html/cake/libs/debugger.php on line 622

Warning: Illegal string offset 'line' in /home/overseas/public_html/cake/libs/debugger.php on line 622
Warning (2): Cannot modify header information - headers already sent by (output started at /home/overseas/public_html/cake/libs/debugger.php:622) [CORE/cake/libs/cake_session.php, line 588]

Warning: Illegal string offset 'file' in /home/overseas/public_html/cake/libs/debugger.php on line 622

Warning: Illegal string offset 'line' in /home/overseas/public_html/cake/libs/debugger.php on line 622

Strict Standards: Non-static method Configure::read() should not be called statically in /home/overseas/public_html/cake/basics.php on line 213

Strict Standards: Non-static method Configure::getInstance() should not be called statically in /home/overseas/public_html/cake/libs/configure.php on line 155
Warning (2): Cannot modify header information - headers already sent by (output started at /home/overseas/public_html/cake/libs/debugger.php:622) [APP/app_controller.php, line 309]
Overseas Pakistan Services

Investment Policy of Pakistan for Other Sectors

Investment in Tourism Sector in Pakistan

Tourism sector is treated as an industry by virtue of Ministry of Industries and Production Circular No. 1-129/99-INV-IV dated 2nd August, 1999.

In lieu of SRO No. 455(I)/2004 dated 12.06.2004 any plant, machinery or equipment, which is not manufactured locally, and is used for tourism, hotels or tourism related projects is importable at custom duty of 5% and zero rated sales tax.


Investment in Pakistan in Housing and Construction Sector

Housing and Construction sector is also treated as an industry by virtue of Finance Division Notification No.10 (10)/IF-II/98 dated 7-4-1999 and 4-6-1999.

In lieu of SRO No. 455(I)/2004 dated 12.06.2004 any plant, machinery or equipment, which is not manufactured locally, and is used for housing and construction related projects is importable at custom duty of 5% and zero rated sales tax.

Local, as well as foreign, companies involved in real estate projects will not market these projects unless the title of the property has been transferred in the name of a company incorporated in Pakistan and "Commencement of Business" certificate has been issued by the Securities & Exchange Commission of Pakistan (SECP).


Investment in Information Technology Sector in Pakistan

Computer Software and Information Technology is also treated as an industry by virtue of Government notification No. 3 (2)/97-INV-IV dated 05/03/1997.

In lieu of SRO 457(I)/2004 dated 12.06.2004 any plant, machinery or equipment of IT, which is not manufactured locally and as certified through CBR by the facilitation Committee of BOI from time to time is importable at custom duty of 5% and zero rated sales tax.

Details of machinery are:


'Telecommunication i.e. email/internet/electronic information services, cellular mobile telephone services, audio-fax services, voice mail services, card pay phone services, etc.' In addition, the following incentives are also available to foreign direct investors:


Exchange Control


Full repatriation of capital, capital gains, dividends and profits, is allowed.

Facility for contracting foreign private loans (which does not involve any Guarantee by the Government of Pakistan) is available to all those foreign investors, who make investment in sectors open to foreign investment, for financing the cost of imported plant and machinery required for setting up the project. However, loan agreements should be registered/cleared by the State Bank of Pakistan.

Foreign controlled manufacturing concerns will be allowed unlimited domestic borrowing according to their requirements for working capital.

Authorized dealers may grant rupee loans and credits to foreign controlled companies for meeting their working capital requirements subject to observance of Prudential Regulations.

 
Welcome Overseas Pakistan  

Top Links
  Pakistani Newspapers
  Pakistani Channels
  Government Websites
  Pakistani Magazines
  Research & Survey
  Pakistani Embassies

Warning: Illegal string offset 'file' in /home/overseas/public_html/cake/libs/debugger.php on line 622

Warning: Illegal string offset 'line' in /home/overseas/public_html/cake/libs/debugger.php on line 622
Warning (2): Unknown: open(/home/overseas/public_html/app/tmp/sessions/sess_l5av3bsbcr9g8aunniq2bo02j1, O_RDWR) failed: Disk quota exceeded (122) [Unknown, line ??]

Warning: Illegal string offset 'file' in /home/overseas/public_html/cake/libs/debugger.php on line 622

Warning: Illegal string offset 'line' in /home/overseas/public_html/cake/libs/debugger.php on line 622
Warning (2): Unknown: Failed to write session data (files). Please verify that the current setting of session.save_path is correct (/home/overseas/public_html/app/tmp/sessions) [Unknown, line ??]