A Special Incentive Package for Construction Industry has been announced by the Prime Minister of Pakistan on 03 April 2020.
This publication contains our comments on the salient features of the proposed incentives package. The proposed measures would require incorporation in relevant fiscal statues to take effect, as such, more details are expected moving forward and the actual amendments in the relevant laws may need to be looked into before ascertaining the real impact of proposed incentives.
We recommend that while considering the application of proposed incentives to any case, reference be made to the specific wordings of the relevant statutes which are expected to be introduced shortly.
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