Tax holiday for Pakistani investors in Tajikistan
Ambassador of Tajikistan Jononov Sherali on Monday called for aggressive approach to explore Tajikistan market that has a lot to offer Pakistani businessmen.
He was talking to the LCCI President Sheikh Muhammad Arshad and Vice President Nasir Saeed here at the Lahore Chamber of Commerce & Industry on Monday.
Tajik Ambassador invited the Pakistani businessmen to explore trade & investment opportunities available in Tajikistan. He said that tax exemptions are being offered to the foreign investors in Free Economic Zones of Tajikistan. He said that two to five years of tax holiday is being offered to the potential investors keeping in view their level of investment.
To a question about CASA – 1000, Tajik Ambassador said that all legal formalities have been completed and construction would be started next year.
Tajik Ambassador said that Tajikistan wants to strengthen bilateral trade and economic ties with Pakistan. He said that Pakistan’s economic indicators are improving and expressed keen interest in importing sports and surgical goods from Pakistan.
The Ambassador said that a number of Pakistani companies belonging to pharmaceutical, agriculture and livestock sectors are doing good business. He said that bilateral trade between the two countries could be flourished through exchange of trade delegations and holding of single country exhibitions.
He said that China and Iran are used to hold single country exhibitions in Tajikistan therefore, the Lahore Chamber of Commerce should take lead in this regard. He said that he was ready to arrange B-2-B meetings of Pakistani businessmen in Tajikistan provided the LCCI arranges a delegation. He said that the embassy of Tajikistan in Islamabad would continue to facilitate Pakistani businessmen in getting visa on priority basis. Speaking on the occasion, the LCCI President Sheikh Muhammad Arshad said both Pakistan and Tajikistan have good diplomatic relations and enjoy historical bonds of brotherhood but these ties are hardly reflected in two-way trade.
He said that the ECO countries are well placed in terms of their economic potential and can become a major hub of trade and energy. Therefore, this regional grouping of ECO needs to be activated on the lines of EU and ASEAN.
The LCCI President said that it was very unfortunate Pakistan does not figure prominently among the trading partners of Tajikistan. The major reasons are lack of transportation facilities and absence of developed banking system in Tajikistan.