Senate body to ask govt to declare Gwadar tax-free

Senate Standing Committee on Maritime Affairs said on Wednes­day that it would demand the federal government to give Gwa­dar a tax-free status enabling the port city center of regional and global attention in terms of economy and tourism. 

The commit­tee that met here with Rubina Khalid in the chair underlined the need for the development of Gwadar city by inaugurating more projects to improve the welfare and quality of life of the local people. The lawmakers said federal and provincial governments would be recommended for the provision of funds so that Gwa­dar presents the concept of an international city in every way.

Director General (DG) Gwadar Development Authority (GDA) Mujib-ur Rehman Qambrani while briefing the Senate Panel said the city, located at a strategic location under the China-Pakistan Economic Corridor (CPEC) has been transformed into a newly developed port city which was acting as a regional con­tact center. With its natural deep sea port, the DG said Gwadar is emerging as a new economic and tourism destination on the world map which will benefit not only China and Pakistan but also Central Asia, East Asia, Russia, and the wider Eurasian re­gion. He said under the master plan, GDA also plans to create a special economic district with tax-free estates and a central business district i.e. downtown covering 2500 acres.

Courtesy The Nation