Pakistan Cabinet offers lucrative incentives for Gwadar
ISLAMABAD: The Federal Cabinet has decided to provide state-of-the-art facilities and lucrative incentives at the special economic zone in Gwadar to attract foreign and local investment.
Govt to grant Gwadar 7-years tax holiday
ISLAMABAD: The government has decided to grant seven years’ tax exemption to industrial and business establishments in Gwadar Special Economic Zone (GSEZ) despite opposition from the Central Board of Revenue (CBR) and the Ministry of Labour and Manpower, Daily Times learned on Wednesday.
Shortage of DMG officers in Balochistan province
ISLAMABAD: Balochistan is facing a 40 percent shortage of District Management Group (DMG) officers. “The shortage of DMG officials is because of the present law and order situation in Balochistan,” sources told Daily Times.
Govt seeks World Bank loans for Gwadar Port
ISLAMABAD: Pakistan has sought loans and technical assistance from the World Bank (WB) to develop infrastructure of the Gwadar Port, said an official who was at Monday’s meeting between WB President James D Wolfensohn and Dr Salman Shah, advisor to the prime minister on finance and revenue.
PRESIDENT orders smooth funding for large projects
ISLAMABAD: President General Pervez Musharraf on Wednesday directed the Finance Ministry to ensure the timely release of funds for the completion of 18 mega projects in various sectors of the economy.