SPOTLIGHT ON OUTWARD FOREIGN INVESTMENT l 109
TABLE 3.4 Laws and Institutions Related to Inward Foreign Direct Investment (continued) Country
Inward FDI laws
Inward FDI institutions
Pakistan
• Investment Policy, 2013 • Special Economic Zones Act, 2012 (amended 2016) • Protection of Economic Reforms Act, 1992 • Foreign Private Investment (Promotion and Protection) Act, 1976
Board of Investment, https://invest.gov.pk/
Sri Lanka
• Foreign Exchange Act No. 12, 2017 • The Inland Revenue Act No. 24, 2017—Enhanced Capital Allowances • Finance Act—Commercial Hub Regulation No. 1, 2013 • Board of Investment Act (BOI Law 4, 1978); amendments (1980, 1983, 2002, 2006, 2009, 2012)
Board of Investment of Sri Lanka, http://investsrilanka.com/
Sources: UNCTAD Investment Policy Hub (https://investmentpolicy.unctad.org/); investment laws; national sites listed.
TABLE 3.5 Special Economic Zones in South Asia and East Asia and Pacific, 2018 Number of SEZs (established by law)
Number of SEZs under development
Number of SEZs in planning
Year the law was first promulgated
Afghanistan
0
0
4
n.a.
n.a.
Bangladesh
39
24
60
1980
The Bangladesh Economic Zones Act, 2010
Country
Bhutan
National SEZ law or other legal framework
6
4
4
n.a.
n.a.
373
142
61
1965
Special Economic Zones Act, No. 28, 2005
Maldives
0
0
4
2014
Special Economic Zones Act, No. 24/2014
Nepal
2
1
12
2016
Special Economic Zone Act, 2073, 2016
Pakistan
7
—
39
1980
Special Economic Zones Act, No. XX, 2012
India
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