Gwadar EPZ industries get 10-year tax exemption
ISLAMABAD: The Federal Board of Revenue (FBR) on Saturday notified a tax exemption on profits and gains of any industrial unit in the Gwadar Export Processing Zone (EPZ) for a period of 10 years.
Provincial capital shifting to Gwadar 'impracticable'
KARACHI – The decision of Balochistan government to shift provincial capital, Quetta, to Gwadar for 4 months during the coming winter season seems impracticable as it will cost some Rs1 billion in terms of expenditures to the province, The Nation has learnt.
Current LG system root cause of corruption, lawlessness: Raisani
QUETTA: The local government system is the cause of growing corruption and lawlessness at the grassroots level, Balochistan Chief Minister Aslam Raisani said on Tuesday. The chief minister said the government in Balochistan intended to replace the “Musharraf devolution plan” with a new system that would bring the district governments under the control of the[…]
Gwadar to be linked through rail, road networks: PM
ISLAMABAD: The government plans to link the Gwadar seaport with the rest of the country through rail and road networks, Prime Minister Yousaf Raza Gilani said on Wednesday.
Karachi: Indifference and corruption fast decaying Gwadar Mega City Project
KARACHI: Gwadar Mega City Project is tilting because of poor management and corruption, resulting in bankruptcy of several investors. Several investors have decided to withdraw their investment from the mega project to utilise it somewhere else, The Nation has learnt.
Gwadar port works smoothly, allay fears
With all the skepticism about the Gwadar Port becoming fully operational, the political will of the PPP government has made the strategic port handle 37 shipments of imported commodities and their disbursement to far-flung areas of the country.
Govt declares 10-year tax holiday for Gwadar Export Processing Zone
ISLAMABAD: The government has decided to provide ten-year tax holidays for Gwadar Export Processing Zone, Federal Minister for Industries and Production announced it during a press conference here on Wednesday.
Afghanistan offered use of Gwadar, Port Qasim
ISLAMABAD: Pakistan has offered Afghanistan to use Gwadar and Bin Qasim ports for trading activities under the Afghan Transit Trade Agreement (ATTA) while in return it wants access to Central Asian Republics (CARs), official sources confided to The News on Saturday.
Gwadar: MoD holds Balochistan govt responsible for raise in airport land's price
ISLAMABAD : The Ministry of Defence has held the Balochistan government responsible for 122 percent increase in the price of the land for New Gwadar International Airport (NGIA). The provincial government has also been accused of not only ignoring the directives of the Deputy Chairman Planning Commission, but also changing the basic data of calculating[…]
Gwadar Port deal with SPA unlikely to be scrapped
ISLAMABAD: The government is unlikely to scrap the Gwadar Port agreement with the Singapore Port Authority (SPA), fearing that the operators would drag it into international arbitration, and would claim reputation damages, sources in the Ministry of Ports and Shipping told Business Recorder here on Friday.