Skip to main content

CPEC in full swing; Gwadar SEZ to be declared tax-free zone soon

Balochistan government is inviting investors to Gwadar for the generation of revenue

ISLAMABAD: Balochistan government is working on a plan to declare Special Economic Zone (SEZ) at Gwadar as a tax-free zone under the China-Pakistan Economic Corridor (CPEC) and a one-window system is also being introduced to facilitate the local and foreign investors.

An official source told Pakistan Today that the development projects in Gwadar are being completed under the CPEC framework and the Balochistan government is undertaking numerous projects worth Rs20 billion for the uplift of the people of Gwadar.

The official said that the Balochistan government is inviting investors to Gwadar for the generation of revenue which can help Gwadar transform into an economic hub of the region.

The official said that a 250-km-long road network has been laid in Gwadar to facilitate smooth traffic. The official added that Gwadar industrial zone would comprise of three parts while an education city and a diplomatic zone would also be established in the port city.

The official explained that the provincial government has formulated rules for allotment of land in industrial zones in the province and land will now be allotted in industrial zones only to those industrialists who will set them up to the decided industry within the stipulated timeframe.

The official said that the provincial government will soon allocate 20,000 acres of land for the SEZ and special security arrangements have been made in and around Gwadar. The official said that the security apparatus in place has led to maintaining peace and development in Balochistan.

The official informed that under the 2050 Master Plan, the issues of water and electricity for the people of Gwadar would be resolved by the end of next year (2022). They added that work is in full swing on a desalination plant, which will convert five million gallons of seawater into drinking water and a 300 megawatts coal-fired power plant. Both the projects will be functional by January 2023, the official added.

The official said that over 40 Chinese companies have pledged to invest in the first phase of SEZ under CPEC at Gwadar Port while another 200 companies have registered with the China Overseas Ports Holding Company (COPHC) for further investments in the first SEZ.

With this investment, the first phase of the SEZ has been completed,

The official explained that future investments in Gwadar Industrial Zone would include new industrial units, including textiles, chemicals, automobiles and mobile phones, which will create more employment opportunities for the local people.

The official, when asked, rejected the notion of delays in the CPEC, saying that work on CPEC is in full swing and there are no impediments as the government of Pakistan is extending full cooperation.

The official further stated that, despite the coronavirus pandemic, the pace of work has not slowed down on CPEC projects and many such projects have been completed ahead of time. The official added that after the completion of CPEC, Gwadar will become the largest port in the region and an important economic hub in the world, which would benefit various countries.

The official said that Gwadar Port is fully operational and cargo ships have started arriving and added that a liquefied natural gas terminal will also be established at the port soon.

The official concluded that CPEC is a great economic project and it is a symbol of the cohesive relationship between Pakistan and China and a testament to our friendship


Popular posts from this blog

SSG Commando Muddassir Iqbal of Pakistan Army

“ Commando Muddassir Iqbal was part of the team who conducted Army Public School operation on 16 December 2014. In this video he reveals that he along with other commandos was ordered to kill the innocent children inside school, when asked why should they kill children after killing all the terrorist he was told that it would be a chance to defame Taliban and get nation on the side. He and all other commandos killed children and later Taliban was blamed. Muddassir Iqbal has deserted the military and now he is  with mujahedeen somewhere in AF PAK border area” For authenticity of  this tape journalists can easy reach to his home town to interview his family members or   ISPR as he reveals his army service number” Asalam o Alaikum: My name is Muddassir Iqbal. My father’s name is Naimat Ali. I belong to Sialkot divison (Punjab province), my village is Shamsher Poor and district, tehsil and post office  Narowal. Unfortunately I was working in Pakistan army. I feel embarrassed to tell yo

RWR Advisory: Belt and Road at a Glance

This edition covers developments from March 12 - March 26..  Belt and Road at a Glance   Subscribe to the Belt and Road Monitor Top Developments China National Machinery Industry Corporation, commonly known as Sinomach, has agreed to  build  a $845 million, 255-mile railway across  Iran , building upon a sustained period of growth for Chinese investment in Iran that accelerated after Xi Jinping’s state visit to the country in January 2016. The railway will link the cities of Tehran, Hamedan and Sanandaj. China Civil Engineering Construction, a subsidiary of CRCC, is currently also  building  a 263-km railway line from Kermanshah to Khosravi. According to Chinese entrepreneur Lin Zuoru, who  owns  factories in Iran, “Iran is at the center of everything.”On March 23, China’s Ministry of Commerce announced that foreign direct investment by Chinese companies in 50 Belt and Road countries fell by 30.9% year-on-year. While the Ministry stated that this number covers investment across al

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میں Please help the deserving persons... Salary: Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows; Welder: Rs. 1,700 daily Heavy Duty Driver: Rs. 1,700 daily Mason: Rs. 1,500 daily Helper: Rs. 850 daily Electrician: Rs. 1,700 daily Surveyor: Rs. 2,500 daily Security Guard: Rs. 1,600 daily Bulldozer operator: Rs. 2,200 daily Concrete mixer machine operator: Rs. 2,000 daily Roller operator: Rs. 2,000 daily Steel fixer: Rs. 2,200 daily Iron Shuttering fixer: Rs. 1,800 daily Account clerk: Rs. 2,200 daily Carpenter: Rs. 1,700 daily Light duty driver: Rs. 1,700 daily Labour: Rs. 900 daily Para Engine mechanic: Rs. 1,700 daily Pipe fitter: Rs. 1,700 daily Storekeeper: Rs. 1,700 daily Office boy: Rs. 1,200 daily Excavator operator: Rs. 2,200 daily Shovel operator: Rs. 2,200 daily Computer operator: Rs. 2,200 daily Security Supervisor: Rs.