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ECC approves duty exemptions on import of machinery, equipments for Lahore’s Orange Train

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday approved exemptions of duties on import of machinery and equipment for Lahore Orange Line Metro Train.

The meeting of ECC was held in Islamabad on Friday with Finance Minister Ishaq Dar in the chair.

The ECC approved a proposal to grant exemptions from withholding tax beyond six percent of Equipment and Machinery contract price, and duties on import of equipment to be installed for the Lahore Orange Line Metro Train Project.

The meeting also decided that a similar dispensation would also be extended to the other rail based mass transit projects in Karachi, Peshawar and Quetta at the appropriate time.

The ECC was informed that the Lahore Orange Line Metro Train Project has been made a part of the China Pakistan Economic Corridor (CPEC) along with rail based mass transit projects in other provincial capitals.