{"id":54396,"date":"2019-08-16T11:46:35","date_gmt":"2019-08-16T06:46:35","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=54396"},"modified":"2019-08-16T13:16:34","modified_gmt":"2019-08-16T08:16:34","slug":"ndc-grant-tax-relief-businesses-gwadar-free-zone","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/ndc-grant-tax-relief-businesses-gwadar-free-zone.html","title":{"rendered":"NDC to grant tax relief to businesses in Gwadar Free Zone"},"content":{"rendered":"<p>Islamabad: The National Development Council (NDC) has planned to grant tax relief to business units that would be set up at the Gwadar Free Zone as part of the China-Pakistan Economic Corridor (CPEC), a news source reported.<\/p>\n<p><strong>Read:<\/strong>\u00a0<a href=\"https:\/\/www.zameen.com\/news\/ndc-approves-development-projects-balochistan-ex-fata.html\" target=\"_blank\" rel=\"noopener noreferrer\">NDC approves development projects for Balochistan, ex-FATA<\/a><\/p>\n<p>The NDC has directed the Advisor to Prime Minister (PM) on Finance Hafeez Shaikh to notify these concessions to the relevant parties. Assuring the authority about resolving the matter soon, the finance advisor stated that he would require a report on approval of the concessions from an inter-ministerial committee.<\/p>\n<p>Due to NDC\u2019s intervention on the matter, this proposal will be sent to the Economic Coordination Committee (ECC) of the cabinet for approval soon.<\/p>\n<p>The Gwadar Port Authority and the Port of Singapore Authority signed the original Gwadar Port Concession Agreement, and ECC approved it in 2007. As Part of CPEC, China aims to <a href=\"https:\/\/www.zameen.com\/news\/budget-2019-20-govt-allocates-pkr-4-bn-gwadar.html\" target=\"_blank\" rel=\"noopener noreferrer\">develop the Gwadar Port<\/a> as a strategic and commercial hub under its \u2018One-Belt One-Road\u2019 project.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/gwadar-master-plan-draft-finalised.html\" target=\"_blank\" rel=\"noopener noreferrer\">Gwadar master plan draft finalised<\/a><\/p>\n<p>PM Imran Khan also recently chaired a meeting to address the problems that were delaying the establishment of CPEC Special Economic Zones (SEZs).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The National Development Council (NDC) has planned to grant tax relief to business units that would be set up at the Gwadar Free Zone as part of the China-Pakistan Economic Corridor (CPEC), a news source reported. Read:\u00a0NDC approves development projects for Balochistan, ex-FATA The NDC has directed the Advisor to Prime Minister (PM) on Finance Hafeez Shaikh to notify these concessions to the relevant parties. Assuring the authority about resolving the matter soon, the finance advisor stated that he would require a report on approval of the concessions from an inter-ministerial committee. Due to NDC\u2019s intervention on the matter, this proposal will be sent to the Economic Coordination Committee (ECC) of the cabinet for approval soon. The Gwadar Port Authority and the Port of Singapore Authority signed the original Gwadar Port Concession Agreement, and ECC approved it in 2007. As Part of CPEC, China aims to develop the Gwadar Port as a strategic and commercial hub under its \u2018One-Belt One-Road\u2019 project. Read:\u00a0Gwadar master plan draft finalised PM Imran Khan also recently chaired a meeting to address the problems that were delaying the establishment of CPEC Special Economic Zones (SEZs).<\/p>\n","protected":false},"author":68,"featured_media":46283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[12586],"persona":[],"class_list":{"0":"post-54396","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-ndc-to-grant-tax-relief-to-businesses-in-gwadar-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>NDC to grant tax relief to businesses in Gwadar Free Zone - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The National Development Council (NDC) has planned to grant tax relief to business units that would be set up at the Gwadar Free Zone as part\" \/>\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\/ndc-grant-tax-relief-businesses-gwadar-free-zone.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NDC to grant tax relief to businesses in Gwadar Free Zone - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The National Development Council (NDC) has planned to grant tax relief to business units that would be set up at the Gwadar Free Zone as part\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/ndc-grant-tax-relief-businesses-gwadar-free-zone.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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