Fiscal & Incentives Expert - SEZs Phase-Out Implementation Plan
Background
The Revenue Mobilisation, Investment and Trade (REMIT) Programme, funded by the UK’s Foreign, Commonwealth & Development Office (FCDO) and implemented by Adam Smith International (ASI), provides technical assistance to the Government of Pakistan to improve the business environment, attract investment, and support sustainable economic growth.
Pakistan’s Special Economic Zones (SEZs) regime has delivered limited results due to structural and governance challenges, including high land and energy costs, infrastructure gaps, and weak investor facilitation. While fiscal incentives have been a central feature of the SEZ framework, their effectiveness in driving industrial relocation, exports, and competitiveness has been limited, while the fiscal cost of open-ended, profit-based incentives has continued to rise.
In response, and in line with commitments under Pakistan’s IMF programme, the Government of ...