PROSPECTIVE INCENTIVES

Incentives

The following commercial incentives will be offered under the Special Technology Zone Authority Act, 2021.

10 Years Tax Holidays on:
• Income taxes
• Turnover taxes
• Capital gains taxes
• Sales taxes
• custom duty on imports of capital goods
• Dividend income and capital gains on venture capital funds

Non-Financial Incentives

• Premium location in the second largest city of Pakistan
• Long term lease – 33 years (extendable) period at subsidized / nominal lease rentals
• Special forex regime under which 100% repatriation of profits and funds are allowed through an easy process
• State of the art infrastructure including high speed internet, uninterrupted electricity and sustainable working
environment
• One window operation including legal & financial services, business feasibility studies, banking, company registration
and facilitation in acquisition of utilities
• IPR regimes
• Technology including smart city features, fiber optic networking, data centers, IoT ecosystem, surveillance and fire
security systems

  • For Universities
  • For Businesses
  • For Foreign Faculty
  • For Foreign Universities At LKP
  • Capital expenditure for the construction of campuses to be funded by LKPC and Government of the Punjab.
  • Complete infrastructure facilities to be provided by LKPC.
  • Highly concessional rates for land lease.
  • Exemptions on import duties and tax holidays as part of SEZ (Special Economic Zone).
  • One Stop Solution Shop for business modelling, legal and financial consultancy.
  • Plug and Play Business Spaces.
  • High-specification research laboratories.
  • Tax exemptions as part of Special Economic Zone (SEZ).
  • Exemption from import duties and taxes on the import of goods, materials, equipment required for the operations of LKP and for the entities located inside the LKP.
  • Out of a huge number of Pakistanis teaching in international universities, many will be potentially willing to relocate to the country.
  • Currently 10,000 Ph.Ds. are teaching in Pakistani universities and the number is growing.
  • More than 14,000 Ph.Ds. qualifying every year.
  • Total annual spending by Pakistani students in foreign universities is USD 2 Billion.
  • Yearly, out of 200,000 students applying for admissions in international universities, 160,000 cannot secure admissions; the surplus number signifies a large pool of potential students for foreign universities to locate at LKP.

Pakistan Higher Education Sector’s Overview

0
228000

or more students pass out yearly with 16 years or above education.

0
14000

or more students pursuing Ph.D. Programs.

0
10000

Computer Sciences Graduates Per Year.

0
343387

or more enrolled in Masters and M.Phil. Programs.

76%
or more literacy Rate