In a significant boost to Pakistan’s fisheries industry, the government has unveiled a substantial tax relief package for hatcheries, farms, feed mills, and seafood processing units. This move aims to modernise and expand the country’s aquaculture sector.
Key Benefits:
- Reduced import duties: The government has slashed import duties on machinery, equipment, and other capital goods essential for the fisheries industry.
- Business growth: This tax relief is expected to stimulate investment and foster growth in the sector.
- Job creation: The expansion of the fisheries industry is likely to create new job opportunities.
Eligibility Criteria:
To avail of this tax relief, businesses must:
- Be registered under the Sales Tax Act 1990.
- Be registered with the Fisheries Development Board as a hatchery, farm, feed mill, or seafood processing unit.
How to Apply:
For further information and registration, please contact:
Mr. Munir Hussain Assistant Manager, Fisheries Development Board, Islamabad, Phone: 0336-9824755 | 051-9255948
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