LAHORE: The meat industry has lauded the government decision to give income tax exemption to the industry, which will boost the economy.
In the budget for fiscal year 2016, the government has granted income tax exemption to producers of Halal meat who have obtained the required certification. It states that any industrial unit set up between July 1, 2015 and December 31, 2016 and engaged in certified Halal meat production will be exempted from income tax for a period of four years. However, the industry has also welcomed the certificate requirement.
