Sep 282009

Associated Press of Pakistan

MIRPUR: The Government of Azad Jammu Kashmir is planning to set up a new industrial zone, over an area of 26000 kanal of land in Mirpur district to boost economic activities in the liberated territory, official sources said.

This big industrial zone is proposed to be constructed at Moori on Mirpur Jatlan road for which the required state-owned and private land was being acquired by the government of AJK to materialize the plan.

The official sources told APP here that AJK government was giving top priority to business and industrial activities so that desired results could be achieved in an appropriate manner.

The sources said that the government would extend all possible help in providing facilities to the existing and intending entrepreneurs at par with other provinces of country including Punjab and NWFP to ensure speedy uplift of the industrial sector in the liberated territory.

Under the broad-based plan, a network of roads, uninterrupted supply of power and water, telephone and other necessary facilities would be available in the new industrial estates.

The sources further said that the government is intended to give relief to those industrialists who had to face huge overhead freight charges of transportation of the raw material from various parts of Pakistan to their industrial units operating in AJK. The new industrial zone would help overcome the unemployment, and alleviate poverty in AJK areas. The sources revealed that the government is also contemplating to give 10 to 12 years tax holidays to the new industrial units to be established in AJK. The amendments in the existing five-year tax exemption law for the new comers is also proposed to be made by the state legislature.

Meanwhile, the AJK government has taken serious notice of the increased trend of the misuse of existing five-year tax holidays by certain elements operating in the Industrial estates in Mirpur and Bhimbher districts.

 Posted by at 7:31 pm

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