Categories: Technology

Senate passes Special Technology Zones Authority Bill, 2021

ISLAMABAD: The Senate unanimously passed three bills, including The Special Technology Zones Authority Bill, 2021.

invest with imarat

Islamabad’s emerging city centre

Learn More

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).

 

For news and blogs, visit Graana.com. 

Maham Tahir

Recent Posts

Exploring Kalabagh: The Historic City in Mianwali District

Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…

12 hours ago

Nazimabad Number 2: A Well-Known Residential Area in Karachi

Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…

1 day ago

A Guide to Quetta Town in Karachi

Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…

2 days ago

Akbar Chowk Lahore: A Focal Point of Connectivity

Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…

3 days ago

A Guide to Khuda Baksh Colony Lahore

Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…

4 days ago

Gol Market Karachi: A Vibrant Commercial Hub

Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…

2 weeks ago