Pakistan: ’Halal’ meat producing companies to get Income Tax exemption

Business Recorder

Pakistan FlagISLAMABAD: Minister for Finance Senator Ishaq Dar Friday said that it had been proposed in budget for 2015-16 that the companies, dealing with Halal, be allowed tax exemption from Income Tax for four years from the date of set-up.

He said the companies which set up `Halal’ meat production plants and obtain `Halal’ certification by 31st December 2016, would be given exemption.

He said that the step was aimed at encouraging new investments in the `Halal’ meat production and to increase the use of modern and state-of-the-art machinery and equipment in this sector.