ISLAMABAD: Welcoming the progress on the construction of the Initial Zone of Gwadar Free Zone, Pakistan promised sales tax and other exemptions to China for 23 years, including exemptions on equipment and material locally purchased for industrial units that will be established.
To overcome obstacles and promote development in the Gwadar Free Zone, both the countries have decided on local tax breaks in the Balochistan province and installation of fibre optic for communication by the Pakistani side.
Pakistan has set a piece of legislation to be presented before the Parliament for promulgation into an act to speed up the construction of infrastructure and assistance projects including the New Gwadar International Airport (NGIA), Gwadar Vocational and Training Centre, expansion of China-Pakistan Government Faqeer Colony Middle School and construction of the Pak-China Friendship Hospital and Eastbay Expressway.
Following the completing Phase-1, all the plots have been leased out to more than 30 Pakistani and Chinese investors registered in the Free Zone.
For news and blogs, visit Graana.com.
ISLAMABAD, Pakistan – April 23, 2025 – Chaaye Khana, Pakistan's popular cafe renowned for its…
ISLAMABAD: Prime Minister Shehbaz Sharif laid the foundation stone for the Murree Road underpass on…
DUBAI: Pakistani real estate developers and representatives showcased a range of commercial and residential investment…
ISLAMABAD: Capital Development Authority (CDA) is currently undertaking a major Rs652 million project to upgrade…
Karachi – Mayor Barrister Murtaza Wahab has announced the launch of a citywide anti-encroachment operation…
ISLAMABAD: CDA Chairman Muhammad Ali Randhawa has directed the immediate restoration of 23 non-functional water…