RAWALPINDI - State Minister and Chairman Board of Investment (BoI), Saleem H Mandviwalla, said that Special Economic Zones (SEZs) Bill would be tabled in the current Parliament session for the debate.

He said that in case of approval, the industries in the SEZs would be exempted from capital tax and 10 years tax exemption would also be provided to the said industries. Mandviwalla stated this while talking to the traders and industrialists during his visit to the Rawalpindi Chamber of Commerce and Industries (RCCI) here on Wednesday.

RCCI President Jawed Akhtar Bhatti, senior vice president Raja Amir Iqbal, vice president Chaudhry Iqbal Ahmed, Group Leader Najamul Haq Malik and other members of the Chambers were also present on the occasion.

The State Minister said that BoI’s prime goal was to promote foreign direct investment and SEZ would help a lot in this regard.

He was of the view that for the endorsement of investment in the country, consistent economic policies must be made to develop trust of the investors. He further said that RCCI was playing vital role in the uplift of the business activities in and outside of the country. He also appreciated the RCCI step for organising 10 single country expos in the current year. 

Speaking on the occasion, RCCI President Jawed Akhtar Bhatti said that business community could bring the country out of crisis but government must facilitate the said community in this regard. He lauded the steps taken by the minister for establishment of SEZ in the country and termed that this was the only way to restore the confidence of the foreign and local investors to invest in the country. He demanded of the government early approval of the SEZs Bill for the development of the country.