Thursday, 21 May 2009
PAKISTAN - 10-year tax holiday for Gwadar Port, export zone
ISLAMABAD: Federal Minister for Industry & Production Manzoor Ahmed Wattoo has said that a ten year tax holiday has been granted to Gwadar Port Authority and the export processing zone (EPZ) established there.
Addressing a press conference here on Wednesday, the minister said only fifty per cent of the products manufactured at the Gwadar EPZ and the industrial areas of Gwadar port authority could be exported.
‘They will have to sell the remaining fifty per cent products to the local consumers,’ Mr Wattoo said. The export processing zone at Gwader would have all the facilities which are available to other EPZs in the country he added.
Mr Wattoo said that the plots for investors would be given in consultation with the government of Balochistan.
He said that Gwadar is the port of the future and a gateway to trade with Central Asia.
Read the full article here.