{"id":49150,"date":"2019-02-13T12:30:43","date_gmt":"2019-02-13T07:30:43","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=49150"},"modified":"2019-02-13T12:37:44","modified_gmt":"2019-02-13T07:37:44","slug":"ecc-holds-off-tax-relief-for-gwadar-port-free-zone","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/ecc-holds-off-tax-relief-for-gwadar-port-free-zone.html","title":{"rendered":"ECC holds off tax relief for Gwadar Port, Free Zone"},"content":{"rendered":"<p>Islamabad: The Economic Coordination Committee (ECC) has sought further suggestions with regard to making Gwadar a tax-free zone \u2013 a news source reported.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/exemption-in-tax-duties-expected-for-gwadar-port-and-free-zone.html\">Exemption in tax, duties expected for Gwadar Port and Free Zone<\/a><\/p>\n<p>Officials of the Ministry of Maritime Affairs gave briefings on various concessions initially proposed for Gwadar Port. These officials requested ECC to extend the benefits to the Gwadar Free Zone.<\/p>\n<p>Adviser to the Prime Minister for Commerce Abdul Razak Dawood expressed his reservations on the proposals. He was of the view that any preferential treatment meted out to the Gwadar zone would not be beneficial for the other economic zones. Moreover, the meeting was informed that Finance Minister Asad Umar shared similar views on the matter.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/senate-panel-suggests-making-gwadar-tax-free-zone.html\">Senate panel suggests making Gwadar tax-free zone<\/a><\/p>\n<p>In response, ECC deferred the proposal of providing tax concessions to Chinese companies working on the multi-billion CPEC initiative. It also directed the Board of Investment (BOI), Ministry of Planning, Ministry of Maritime Affairs, Law Division, and the Federal Board of Revenue (FBR) to review the proposals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Economic Coordination Committee (ECC) has sought further suggestions with regard to making Gwadar a tax-free zone \u2013 a news source reported. Read:\u00a0Exemption in tax, duties expected for Gwadar Port and Free Zone Officials of the Ministry of Maritime Affairs gave briefings on various concessions initially proposed for Gwadar Port. These officials requested ECC to extend the benefits to the Gwadar Free Zone. Adviser to the Prime Minister for Commerce Abdul Razak Dawood expressed his reservations on the proposals. He was of the view that any preferential treatment meted out to the Gwadar zone would not be beneficial for the other economic zones. Moreover, the meeting was informed that Finance Minister Asad Umar shared similar views on the matter. Read:\u00a0Senate panel suggests making Gwadar tax-free zone In response, ECC deferred the proposal of providing tax concessions to Chinese companies working on the multi-billion CPEC initiative. It also directed the Board of Investment (BOI), Ministry of Planning, Ministry of Maritime Affairs, Law Division, and the Federal Board of Revenue (FBR) to review the proposals.<\/p>\n","protected":false},"author":67,"featured_media":49156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[10457],"persona":[],"class_list":{"0":"post-49150","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-ecc-holds-off-tax-relief-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>ECC holds off tax relief for Gwadar Port, Free Zone - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Economic Coordination Committee (ECC) has sought further suggestions with regard to making Gwadar a tax-free zone \u2013 a news source reported.\" \/>\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\/ecc-holds-off-tax-relief-for-gwadar-port-free-zone.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECC holds off tax relief for Gwadar Port, Free Zone - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Economic Coordination Committee (ECC) has sought further suggestions with regard to making Gwadar a tax-free zone \u2013 a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/ecc-holds-off-tax-relief-for-gwadar-port-free-zone.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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