Investors in Dhabeji SEZ will enjoy 5-10 years tax holiday

Investors in Dhabeji SEZ will enjoy 5-10 years tax holiday

Recently, a presentation has been given to China-Pakistan Economic Corridor Authority (CPECA) by Chairman Lt- Gen Asim Bajwa (retd) about Dhabeji SEZ during his visit to Karachi. The presentation on Sindh Economic Zones Management Company (SEZMC) displayed that duty-free imports of plant and machinery would be allowed to the investors in Dhabeji SEZ, where they will enjoy 5-10 years tax holiday on income tax for investing. DSEZ is a priority project in CPEC, which would be developed on 1530 acres of land in Thatta. Construction in DSEZ would be carried out in two phases i.e. 750 acres in phase-I and 780 acres in phase-II. The concession term for the project is twenty years whereas lease term spans for fifty years. The project development time is five years. The financial bid opening of the project is scheduled for 14th May 2020 and signing of public private partnership (PPP) agreement is stated for 25th June 2020. Meanwhile, Various strategic industry clusters have been identified for DSEZ, which include steel, building materials, petrochemical, automotive & allied, light engineering, textile & garments, FMCGs logistics and warehousing.