Balochistan government to declare Gwadar SEZ as a tax-free zone

ISLAMABAD : In order to gain maximum dividends from CPEC, the Balochistan government is deliberating on declaring Gwadar SEZ as a tax-free zone. The government of Balochistan is also working to bring foreign investors to stimulate economic activities and generate revenues.

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Furthermore, for the convenience of local and foreign investors, the one-window mechanism will also be set-up for ease of doing business.

According to the details, the Gwadar SEZ will be divided into three segments wherein an education city along with a diplomatic zone will also be established.

The work on the development of infrastructure is underway and a web of 250-km roads has been developed in Gwadar.

The official apprised that the government will soon acquire 200,000 acres of land for the SEZ; meanwhile, the government has laid down rules for the allotment of land in industrial zones. Only those industries will be allotted the land who set-forth a timeframe for the establishment of industry.

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