ECC approves Rs20b taxation grant for Lahore’s Orange Line Metro Train
ISLAMABAD: The sovereign supervision on Friday finally authorized Rs20 billion in taxation exemptions for Punjab government’s pet project, a Orange Line Metro Train, and also motionless to extend identical taxation breaks to rail-based mass movement schemes in a 3 other provincial capitals.
The Economic Coordination Committee (ECC) of a Cabinet took a preference after 4 mass movement projects, one in any provincial capital, were made, in principle, partial of a China-Pakistan Economic Corridor horizon during a final Joint Cooperation Committee (JCC) meeting.
‘Quetta, Peshawar mass movement schemes partial of CPEC’
The ECC authorized a offer of a Planning, Development and Reform Division during a ask of a Government of Punjab to extend exemptions from self-denial taxation over 6% of a EM agreement price, and from taxes, duties on import of apparatus to be commissioned for a Lahore Orange Line Metro Train Project, pronounced a Finance Ministry after a ECC meeting.
“It is a satisfactory preference and on a uniformed basement it will be germane to other rail formed mass movement projects in all provincial capitals,” pronounced Yousaf Naseem Khokhar, secretary in-charge of a Ministry of Planning and Development.
This is a building story and will be updated accordingly
Article source: http://tribune.com.pk/story/1286623/ecc-approves-rs20b-tax-exemption-lahores-orange-line-metro-train/