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.
Thank you for reading this post, don't forget to subscribe!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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