Senate passes Special Technology Zones Authority Bill, 2021
ISLAMABAD: The Senate unanimously passed three bills, including The Special Technology Zones Authority Bill, 2021.
The bill aimed to boost the Information Technology (IT) sector offers a tax exemption of 10 years to zone developers and enterprises to boost the sector by attracting foreign direct investment. This development will also result in the generation of employment.
Taking the microblogging website – Twitter, CEO Graana.com Mr. Shafiq commented; “STZA is now an act of Parliament. Implementation of the bill in true spirit will pave way for a successful tech ecosystem & an entire industry of new ideas. Most importantly this is revolutionary for youth. Looking fwd to exciting things.”
The two other bills approved were the PAF Air War College Institute Bill 2021 and The Control of Narcotic Substances (Second Amendment) Bill, 2020).
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