ISLAMABAD: The Board of Investment (BOI) has achieved $1.3 billion foreign investment target set for first three quarters of current fiscal year.
The Board of Investment has set total $2.7 billion target for foreign investment for the year 2016-17, the BOI spokesman told APP here on Friday. He said that seven Special Economic Zone (SEZ) cells had been approved for facilitating the investors through one window operation to provide them facility at one place.
The spokesman said that SEZs investors would get the facility for plant and machinery import without customs duty and also 10 years tax holiday for investment by June 30, 2020. He said that the investors who would invest in SEZs after June 30, 2020 would get tax holidays for five years. Replying to a question, he said that nine more industrial zone have been approved for high tech industry to enhance the export and employment opportunities in the country.
