Sign in Subscribe
Economic development

Gwadar Port Authority Seeks Local Investment in Free Zone

Strategic Insights

— 1 min read

The Chairman of the Gwadar Port Authority, Noorul Haq Baloch, met with traders and investors at the Gwadar Chamber of Commerce and Industry to discuss investment opportunities and government incentives in the Gwadar Free Zone. The meeting aimed to encourage local investors to establish industrial units in the Free Zone, which would generate employment and transform Gwadar into a vibrant commercial hub. Chairman Baloch highlighted that the government is offering a 23-year tax holiday, customs duty exemptions, and modern infrastructure to investors in Gwadar. The Port Authority is committed to working with the local business community to pave the way for Gwadar's development and prosperity.

Key Takeaways:

  • Chairman Noorul Haq Baloch invited local investors to establish industrial units in the Gwadar Free Zone, assuring them of plots allocation on a priority basis and concessions on land rates.
  • Investors will be provided with a 23-year tax holiday, customs duty exemptions, and modern infrastructure, along with international-standard amenities.
  • The establishment of industries in the Free Zone will generate employment and transform Gwadar into a vibrant commercial hub, crucial to the development of the China-Pakistan Economic Corridor (CPEC).
  • The Gwadar Port Authority will assist local investors at every stage of the investment process and work with the local business community to pave the way for Gwadar's development and prosperity.
  • Representatives of the Gwadar Chamber of Commerce welcomed the chairman's proposals, urging the government to simplify the investment process and extend the incentives package.
  • The meeting also discussed the development of Gwadar Port, expansion of the deep-sea terminal, improvements in cargo handling, and future projects.

Statistics:

  • 23-year tax holiday for investors in Gwadar.
  • Customs duty exemptions for investors in Gwadar.
  • Modern infrastructure and international-standard amenities to be provided to investors in Gwadar.

Sources:

  • Chairman of Gwadar Port Authority, Noorul Haq Baloch's speech during the meeting with traders and investors.
  • Gwadar Chamber of Commerce and Industry's response to the chairman's proposals.

Read more