Gwadar Port City Built Under CPEC is Gateway to Balochistan’s Development, Says Chief Secretary Balochistan
Chief Secretary Capt (retd) Fazeel Asghar visited Gwadar port city and termed it a ticket for provincial development. Chief Secretary visited Gwadar Port and China Business Center where Xhaba Zong, Chairman Overseas Port Holding Company apprised him. People of Gwadar and Makran Divison would see mega-development due to vast economic opportunities the coastal strip of Balochistan offered, remarked Asghar. Chief Secretary dubbed Gwadar as the epicentre of China's Belt and Road Initiative. Fazeel Asghar commented. Local community will witness a significant relief in the education and health sectors with the completion of on-going projects in Balochistan.
ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 12th Sep, 2019 ) :Adviser to the Prime Minster on Commerce, Textile, Industries and Production and Investment Abdul Razak Dawood Wednesday said the government has taken strategic decision to facilitate investors by providing state of the art infrastructure in Sepecial Economic Zones (SEZs).
He also assured facilitation to the investors from BOI, as the lead coordination agency of Pakistan Government, said a press release issued by Ministry of Commerce here.
A delegation of domestic investors of Bin Qasim Industrial Park and Korangi Creek Industrial Park was called on Abdul Razak Dawood and they discussed various issues pertaining to taxation anomalies regarding Special Economic Zones (SEZs).
The meeting was also attended by Chairman FBR Syed Shabbar Zaidi and Chaimran BOI, Zubair Gilani.
The adviser highlighted the tax incentives provided to SEZs.
These incentives include onetime exemption from customs duties and taxes on import of plant and machinery into SEZs for installation in these zones. Moreover, he added that government has also given tax holidays for 10 years to all enterprises which will commence commercial production by 30th June 2020 in SEZs.
The adviser emphasized that beside tax incentives, incumbent government has taken strategic decision to facilitate investors by providing state of the art infrastructure in SEZs so that they could contribute in the national economy by kick starting commercial production at earliest.
During the meeting, investors raised issues relating to timely issuance of tax exemption certificates from FBR which were causing inconvenience and delays in taking investment decisions by the new investors.
In order to address this issue, the FBR chairman apprised the participants that he would nominate a dedicated focal officer in FBR who will coordinate with the investors to resolve any issue being faced in their investment ventures.
The adviser urged the investors to invest in SEZs in the priority areas which include Textile, food Processing, IT and IT equipment, Logistics and Automobiles in order to get high returns on their investment.
He stated that all the issues pertaining to taxation of various projects would be resolved and BOI would act as a single bridge between the investor and the different government departments including FBR.
New Gwadar International Airport to boost regional connectivity and economic growth in Pakistan
GWADAR, Pakistan, Nov. 5 (Xinhua) — Khalid Kakar, airport manager of Gwadar Airport …