EnglishFrenchPortugueseRussianUrdu

ORDINANCE NO. XVIII OF 2015

SPECIAL ECONOMIC ZONES (AMENDMENT) ORDINANCE, 2015

An Ordinance further to amend the Special Economic Zones Act, 2012

[Gazette of Pakistan, Extraordinary, Part-I, 7th December, 2015]

No. F. 2(1)/2015-Pub., dated 7.12.2015.–The following Ordinance promulgated by the President is hereby published for general information:–

WHEREAS it is expedient further to amend the Special Economic Zones Act, 2012 (XX of 2012), for the purposes hereinafter appearing;

AND WHEREAS, the Senate and the National Assembly are not in session and the President is satisfied that circumstances exist which render it necessary to take immediate action;

Now THEREFORE, in exercise of the powers conferred by Clause (1) of Article 89 of the Constitution of the Islamic Republic of Pakistan, the President is pleased to make and promulgate the following Ordinance:–

1.  Short title and commencement.–(1) This Ordinance may be called the Special Economic Zones (Amendment) Ordinance, 2015.

(2)  It shall come into force at once.

2.  Amendment of Section 3, Act XX of 2012.–In the Special Economic Zones Act, 2012 (XX of 2012), hereinafter referred to as the said Act, in Section 3, for Clause (n), the following shall be substituted, namely: —

“(n)    “Special Economic Zone” or “(SEZ)” means a geographically defined and delimited area which has been approved and notified by the BOA;”.

3.  Amendment of Section 15, Act XX of 2012.–In the said Act, in Section 15,–

(i)       for sub-section (2), the following shall be substituted, namely:–

“(2)     From the commencement of the Special Economic Zones (Amendment) Ordinance, 2015, only new entrants and new industries that are setup after the establishment of the SEZ may avail SEZ enterprise benefits under this Act.”, and

Print Friendly, PDF & Email
By |2016-07-22T11:07:22+00:00July 3rd, 2016|Laws|0 Comments

Leave A Comment