Gwadar granted a Tax Free Zone status by Senate Standing Committee on Maritime Affairs Category : Latest News Source : Express Tribune
On Tuesday, the Senate Standing Committee on Maritime Affairs approved recommendations made by its subcommittee of making Gwadar a tax free zone and taking measures to facilitate investment. The proposal was made after close consultation with the local community of Gwadar as well as a member of the Balochistan provincial assembly. The report also suggested improving facilities at Gwadar Airport and suggested the establishment of a coal power plant. The committee also pointed out need for close collaboration with China to uplift city’s fishing industry. Gwadar has been gaining importance tremendously, after the launch of the China(… )-Pakistan Economic Corridor (CPEC) in 2013, making it a potential future economic hub.