Pakistan grants industry status to entertainment sector
Pakistan's entertainment sector has been granted industry status.
By PTI |
ISLAMABAD: Pakistan's entertainment sector has been granted industry status.
The announcement was made by caretaker minister for industries Salman Taseer shortly after the cabinet took a decision in this regard.
The industry status to the entertainment sector extends to studios, production and animation houses.
"Duty free import of equipment related to this industry will also be allowed," Taseer told reporters.
He said his ministry would prepare a list of equipment used by the entertainment industry in consultation with stakeholders and submit it to the federal board of revenue for exemption from import duty.
Taseer said the government would help the entertainment sector build infrastructure, conduct research and enhance skills through training and house incubation facilities.
The minister said a concession in power tariff is also being considered for the entertainment sector, which is plagued by a number of ills.
The announcement was made by caretaker minister for industries Salman Taseer shortly after the cabinet took a decision in this regard.
The industry status to the entertainment sector extends to studios, production and animation houses.
"Duty free import of equipment related to this industry will also be allowed," Taseer told reporters.
He said his ministry would prepare a list of equipment used by the entertainment industry in consultation with stakeholders and submit it to the federal board of revenue for exemption from import duty.
Taseer said the government would help the entertainment sector build infrastructure, conduct research and enhance skills through training and house incubation facilities.
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The minister said a concession in power tariff is also being considered for the entertainment sector, which is plagued by a number of ills.
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