ECC Approves Duty Exemption For Lahore Orange Line Metro Train
Faizan Hashmi 4 years ago Fri 06th January 2017 | 04:25 PM
ISLAMABAD, JAN 6 (UrduPoint / Pakistan Point News - 06th Jan, 2017 ) : The Economic Coordination Committee (ECC) of the Cabinet Friday approved exemptions from withholding tax beyond 6% of E&M contract price, and from tax/duties on import of equipment to be installed for the Lahore Orange Line Metro Train Project.
The ECC also decided that a similar dispensation would also be extended to the other rail based mass transit projects in Karachi, Peshawar and Quetta at the appropriate time. The ECC was informed that the Lahore Orange Line Metro Train Project has been made a part of the China Pakistan Economic Corridor (CPEC) along with rail based mass transit projects in other provincial capitals at the recently concluded 6th Joint Cooperation Committee (JCC) meeting held in Beijing, China.