Table of Contents

Senate Pass Bill to Launch ‘Special IT Economic Zone’

According to news reports, the Senate Standing Committee on Information Technology and Telecommunication passed the “Special Technology Zones Authority Bill, 2021” in Islamabad.

Read: PSL Season 8 2023 Tickets Detail Announced

The bill intends to develop the country’s infrastructure for information technology (IT) while also establishing policies to help local enterprises and stimulate Foreign Direct Investment (FDI) in the IT industry. The Senate committee also granted zone developers and businesses a 10-year tax break.

According to the meeting minutes, the authority would help local IT companies compete on the global market and create employment opportunities for young people.

The newly constituted body will exclude information technology industries in the proposed Special Technology Zones from income tax, sales tax, and customs taxes. The companies will also be permitted to create foreign currency bank accounts.

Read: Is Investing In Real Estate Islamabad Safe?

According to Ministry of Science and Technology officials, the establishment of Special Information Technology Zones would enhance technology transfer, attract foreign direct investment, develop a collaborative ecosystem connecting academia, research, and the technology industry, stimulate innovation in production systems and products, and improve the standards and quality of technology goods and services within the country.

For more updates, stay tuned to Al Sadat Marketing News!

You can also invest in other famous and most in demand housing societies, such as , Blue World City,  Rudn Enclave7 Wonders City PeshawarTaj ResidenciaKingdom Valley,  New Metro City Gujar KhanForest Town RawalpindiUniversity Town RawalpindiICHS TownPark View City IslamabadMulti Gardens B17 Islamabad and Nova City Islamabad.

Al Sadat Marketing please contact 0331 1110005 or visit

Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2Prism Town Gujar KhanNew City ParadiseEighteen Islamabad7 Wonders City IslamabadCapital Smart City,  Silver City IslamabadThe Life Residencia,  Faisal Town IslamabadIslamabad Golf CityIslamabad Model Town and Marble Arch Enclave.

Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.

Book Your Plot Now: +92 331 111 0005

Tags :

Share :

About Author
About Author

Syed Sadat Hussain Shah

Leave a Reply

Your email address will not be published. Required fields are marked *