LAHORE, Dec 20: The federal government has offered a number of incentives for the promotion of foreign investment in livestock business to help country produce surplus milk and meat for export.

According to Board of Investment (BoI) sources, under the incentives package for the sector, no government permission was required to initiate livestock business in the country in terms of location and size.

They said that 100 per cent foreign equity had been allowed, besides permitting the investors to remit capital, profits or dividends.

Moreover, the sources said, concessions in customs duty on import of plant, machinery and equipment for agriculture sector including livestock were also available.—APP