FPCCI President welcomes Creation of CPEC Authority, appreciates Tax Holiday in Gwadar Port and Free Zone

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has hailed Prime Minister Imran Khan for establishing the China Pakistan Economic Corridor (CPEC) Authority, which would “accelerate the pace of development-related activities”.

Speaking to the business community on Thursday, FPCCI President Engr Daroo Khan Achakzai said that the CPEC Authority would help remove the bottlenecks and ensure timely completion of the ongoing projects.

He hoped that the creation of the authority would start a new phase of joint ventures and investment in Pakistan that would promote industrialization, create new jobs, help in alleviating unemployment & poverty and enable the economy to embark on the path of sustainable growth.

He appreciated the government for granting tax and tariff concession to Gwadar port and its adjunct special economic zones, urging the government to grant the same facilities to local investors and businessmen as well.

Achakzai underscored the need to take FPCCI on the board of CPEC Authority so that the stance of the private sector can be incorporated in the CPEC-related projects.

He further stated that CPEC would change the fate of Balochistan in terms of infrastructure development and establishment of economic zones at Quetta, Gwadar, Khuzdar, Uthal, Hub and Dera Murad Jamali etc.