(ii)      sub-Sections (3), (4) and (5) shall be omitted.

4.  Amendment of Section 16, Act XX of 2012.–In the said Act, in Section 16,–

(i)       sub-section (1) shall be omitted; and

(ii)      sub-section (2) and sub-section (3) shall be renumbered as sub-section (1) and sub-section (2), respectively.

5.  Omission of Section 33, Act XX of 2012.–In the said Act, Section 33 shall be omitted.

6.  Amendment of Section 36, Act XX of 2012.–In the said Act, in Section 36,–

(i)       for Clause (a), the following shall be substituted, namely:–

“(a)     one time exemption from all custom-duties and taxes on plant and machinery imported into Pakistan except the items listed under Chapter 87 of the Pakistan Customs Tariff, for the setting up of an SEZ subject to verification by the BOI;” and

(ii)      in Clause (b), for the word “Exemption” occurring in the beginning, the word “exemption” shall be substituted and for the word '“ten” the word “five” shall be substituted.

3.  Amendment of Section 37, Act XX of 2012.–In the said Act, in Section 37,–

(i)       for Clause (a), the following shall be substituted, namely:–

“(a)     one time exemption from custom-duties and taxes on import of plant and machinery into SEZ except items listed under Chapter 87 of the Pakistan Customs Tariff, for installation in that zone enterprise subject to verification by the BOI;” and

(ii)      for Clause (b), the following shall be substituted, namely:–

“(b)     exemption from all taxes on income for enterprises commencing commercial production by the thirtieth June, 2020, in the SEZs for the next ten years: