Business

Development: Balochistan seeks to expand Gwadar industrial zone

Provincial government ensures provision of 3,000 acre land for expansion

APP July 20, 2016

Provincial government ensures provision of 3,000 acre land for expansion. PHOTO: FILE

QUETTA: The Balochistan government has agreed to provide 3,000 acres of land for the expansion of Gwadar industrial zone in order to make it further functional, said Industries and Trade Secretary Noor Muhammad Jogezai on Wednesday.

Chairing a meeting of the Gwadar Industrial Estate and Development Authority, he said that the provincial government was taking steps to offer incentives to investors and industrialists.

Besides protection of investment, industrialists would be allotted land on fair price and soft conditions, Jogezai added.

“Real estate activities should be discouraged in the industrial zone,” said the secretary, adding that the plots allotted for setting up industries should not be utilised for any other purpose.

“All hurdles in the way of development of the industrial zone should be removed.

“The industrialists should be assured that the government is in favour of development of industries and revival of sick units.”

Tax exemption in offing

He said that possible tax exemption would also be ensured for the industries, adding that the development of industrial zone would help ensure employment opportunities for thousands of people, which would prove to be a milestone for the development of the province as well as the Makran belt.

Jogezai directed further improvements to the plan and urged swift work on the Gwadar industrial zone.

It was also decided to shift the office of the industrial zone from Karachi to Gwadar in a bid to enhance industrial activities in the zone.

Published in The Express Tribune, July 21^st, 2016.

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COMMENTS (1)

buga | 8 years ago | Reply I have yet to read a single article which describe Gwadar or CPEC - pretty clear that the Establishment which is promoting CPEC isn't comfortable with disclosure. The govt's website on CPEC is superficial and provides little relevant information .. doesn't even disclose the various projects let alone their cost, benefit or how they will be funded/repaid. Pakistan newspapers never mention that China doesn't consider Pakistan part of the "Silk Road" and every map on Chinese web sites which describe the re-creation of the Silk Road leaves out Pakistan. They also don't disclose that CPEC doesn't provide for an oil pipeline to China - and that even a fully functioning railway isn't expect until 2030 ... that pretty much trashes the whole concept of Gwadar being a conduit to a trade corridor to China. What's up?

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