{"id":49082,"date":"2019-02-12T13:51:08","date_gmt":"2019-02-12T08:51:08","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=49082"},"modified":"2019-02-12T13:51:08","modified_gmt":"2019-02-12T08:51:08","slug":"exemption-in-tax-duties-expected-for-gwadar-port-and-free-zone","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/exemption-in-tax-duties-expected-for-gwadar-port-and-free-zone.html","title":{"rendered":"Exemption in tax, duties expected for Gwadar Port and Free Zone"},"content":{"rendered":"<p>Islamabad: The Federal Government of Pakistan may grant exemptions in taxes and duties for business activities conducted in Gwadar Port and Free Zone, reported a news source.<\/p>\n<p>Read:\u00a0<a class=\"row-title\" href=\"https:\/\/www.zameen.com\/news\/senate-panel-suggests-making-gwadar-tax-free-zone.html\" target=\"_blank\" rel=\"noopener noreferrer\">Senate panel suggests making Gwadar tax-free zone<\/a><\/p>\n<p>In this regard, the Maritime Division has sent a summary for approval before the Economic Coordination Committee (ECC). In today\u2019s session, which will be presided over by Finance Minister Asad Umar, the ECC will deliberate on this report.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/gwadar-to-be-made-investor-friendly.html\" target=\"_blank\" rel=\"noopener noreferrer\">Gwadar to be made investor-friendl<\/a><a class=\"row-title\" href=\"https:\/\/www.zameen.com\/blog\/wp-admin\/post.php?post=47816&amp;action=edit\">y<\/a><\/p>\n<p>The Maritime Division has also requested an approval for the duty-free import of machinery and shipments for construction of the Eastbay Expressway. This project is of strategic importance to the China-Pakistan Economic Corridor (CPEC) initiative. Eastbay Expressway will connect Gwadar Port with the country\u2019s network of highways and motorways.<\/p>\n<p>Read:\u00a0<strong><a class=\"row-title\" href=\"https:\/\/www.zameen.com\/news\/committee-formed-for-construction-of-gwadar-airport-other-projects.html\" target=\"_blank\" rel=\"noopener noreferrer\">Committee formed for construction of Gwadar airport, other projects<\/a><\/strong><\/p>\n<p>The Ministry of Maritime Affairs has requested the Federal Board of Revenue (FBR) to grant the exemption in taxes and duties for import of machinery for the project.<\/p>\n<p>Eastbay Expressway was launched with the sanction of the Executive Committee of National Economic Council in September 2017. Ministry of Maritime Affairs is supervising the project.<\/p>\n<p>Read:\u00a0<a class=\"row-title\" href=\"https:\/\/www.zameen.com\/news\/mou-signed-for-gwadar-eastbay-expressway.html\" target=\"_blank\" rel=\"noopener noreferrer\">MoU signed for Gwadar Eastbay Expressway<\/a><\/p>\n<p>For more updates on this issue, stay tuned to Zameen News.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Government of Pakistan may grant exemptions in taxes and duties for business activities conducted in Gwadar Port and Free Zone, reported a news source. Read:\u00a0Senate panel suggests making Gwadar tax-free zone In this regard, the Maritime Division has sent a summary for approval before the Economic Coordination Committee (ECC). In today\u2019s session, which will be presided over by Finance Minister Asad Umar, the ECC will deliberate on this report. Read:\u00a0Gwadar to be made investor-friendly The Maritime Division has also requested an approval for the duty-free import of machinery and shipments for construction of the Eastbay Expressway. This project is of strategic importance to the China-Pakistan Economic Corridor (CPEC) initiative. Eastbay Expressway will connect Gwadar Port with the country\u2019s network of highways and motorways. Read:\u00a0Committee formed for construction of Gwadar airport, other projects The Ministry of Maritime Affairs has requested the Federal Board of Revenue (FBR) to grant the exemption in taxes and duties for import of machinery for the project. Eastbay Expressway was launched with the sanction of the Executive Committee of National Economic Council in September 2017. Ministry of Maritime Affairs is supervising the project. Read:\u00a0MoU signed for Gwadar Eastbay Expressway For more updates on this&hellip;<\/p>\n","protected":false},"author":18,"featured_media":46283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[10424],"persona":[],"class_list":{"0":"post-49082","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-exemption-in-tax-and-duties-expected-for-gwadar-port-and-free-zone"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Exemption in tax, duties expected for Gwadar Port and Free Zone - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federal Government of Pakistan may grant exemptions in taxes and duties for business activities conducted in Gwadar Port and Free Zone,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/exemption-in-tax-duties-expected-for-gwadar-port-and-free-zone.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exemption in tax, duties expected for Gwadar Port and Free Zone - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Federal Government of Pakistan may grant exemptions in taxes and duties for business activities conducted in Gwadar Port and Free Zone,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/exemption-in-tax-duties-expected-for-gwadar-port-and-free-zone.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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