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Pakistan accepts IMF’s ban on new SEZs, EPZs

In a significant shift, Pakistan has agreed to the International Monetary Fund’s (IMF) condition barring the creation of new special economic zones (SEZs) or export processing zones (EPZs), Express Tribune reported on Wednesday. The condition, part of the ongoing negotiations for a $7 billion Extended Fund Facility (EFF), also prohibits extending tax incentives for existing zones once they expire. This move disrupts the government’s plan to establish an export processing zone on land o
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