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Tax holiday for the registered Tech Startups and freelancers under consideration of Government

admin-augaf by admin-augaf
March 1, 2022
in Business, Finance, Technology
Reading Time: 1 min read
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Tax holiday for the registered Tech Startups and freelancers under consideration of Government
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Islamabad March 1 2022: Facilitating IT Sector to create huge employment opportunities for the tech-savvy youth in the country is Government’s top priority”, said Prime Minister Imran Khan while chairing 4th meeting of Board of Governors of Special Technology Zones Authority (STZA).

“Special Technology Zones are being established in major cities to facilitate IT professionals. For this purpose, Compliance Regime has been introduced in place of NOC Regime”, he added.

The Prime Minister highlighted that Youth constitutes around 68% of our population, and IT sector has the full potential to engage them productively for socio-economic uplift.

Earlier the Board of Governors approved to declare various technology and innovation clusters in Islamabad as Special Technology Zones to create enabling environment for the IT Sector to utilise existing infrastructure for the growth of tech startups and freelancers.

The Prime Minister directed the authorities concerned to take all possible measures for the creation of tech-friendly ecosystem in the country. These measures include tax holiday for the registered Tech Startups and freelancers, launch of Pakistan Technology Startup Fund, and attracting local and foreign VC funding in startups.

The meeting was attended by Finance Ministe Shaukat Fayyaz Tarin, information Minister Ch Fawad Hussain. Energy Minister Muhammad Hammad Azhar, Industries Minister Makhdoom Khusro Bakhtiar, SAPM on Poverty Alleviation Dr Sania Nishtar, SAPM on Political Communication Dr Shehbaz Gill, Chairman STZA Amir Hashmi, Chairman CDA Amir Ali Ahmed and other senior officers concerned.

Tags: FreelancerTAX
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