Pakistan Digital City offers 10-year tax exemption to boost IT sector

Pakistan Digital City (PDC) in Haripur is set to provide a significant boost to the IT sector by offering a 10-year tax exemption period to businesses operating within its premises. This strategic move aims to create a favorable environment for the growth and development of IT companies associated with PDC Haripur, ultimately fostering technological advancement in the region.

The announcement, made through an official statement, highlighted the benefits that this tax exemption period will bring to local IT businesses. By reducing their financial burden for a decade, these companies will have the opportunity to invest more in research, development, and innovation, driving the overall progress of the IT industry in Khyber Pakhtunkhwa (KPK).

Furthermore, the initiative is not limited to local businesses alone. International IT experts and companies are also being encouraged to take advantage of this opportunity. Formal invitations have been extended to international firms to invest in Pakistan Digital City, with the aim of attracting foreign investment and expertise to the region.

This move is expected to stimulate IT activities within KPK, creating a dynamic ecosystem that fosters collaboration, innovation, and growth in the technology sector. By offering a competitive edge to businesses operating within PDC Haripur, the government is signaling its commitment to positioning Pakistan as a hub for IT excellence and innovation.

The decision to grant a 10-year tax exemption to IT businesses in Pakistan Digital City, Haripur, marks a significant step towards accelerating the growth of the IT sector in KPK. With both local and international companies poised to benefit from this initiative, the region is set to witness a surge in technological advancements and investments, paving the way for a thriving IT ecosystem in the heart of Pakistan.