Pakistanï¿½s Income Tax (Amendment) Ordinance, 2022 aka ï¿½Industrial Policy Packageï¿½
Usman Qadir and
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Usman Qadir: Pakistan Institute of Development Economics
No 2022:70, PIDE Knowledge Brief from Pakistan Institute of Development Economics
ï¿½The ordinance for the revival of sick industrial units is widely promoted as an amnesty scheme awarded through an SRO. Empirical backing for the given time frames and criteria is lacking in the ordinance. Setting aside these three aspects, the ordinance is a step in the right direction as it will boost productivity and employment. Ideally, it will benefit existing firms with increased flow of resources and facilitate new entrants with fresh ideas.ï¿½
Pages: 6 pages
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