Lahore December 19 2022: M/s Roshan Sun Tao Paper Mills (Private) Limited, a subsidiary of the Company been notified by the Board of Investment as Sole Enterprise Special Economic Zone, according to company filing to the exchange.
The Project will benefit from the fiscal incentives under special economic zone Act 2012 including one time exemption from custom duties and taxes on import of plant and machinery along with exemption of taxes on income for a period of 10 years.
The company is declared Sole Enterprise Economic Zone under clause (n) of Section 3 of the Special Economic Zone Act, 2012 read with Sole Enterprise Special Economic Zones Regulations, 2020.
Roshan Packages share price drop 35.2 percent since start of this year, according to Pakistan Stock Exchange.