{"id":88008,"date":"2022-08-19T15:21:21","date_gmt":"2022-08-19T10:21:21","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=88008"},"modified":"2022-08-19T15:21:26","modified_gmt":"2022-08-19T10:21:26","slug":"gwadar-free-zone-committees-foreign-investors","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/gwadar-free-zone-committees-foreign-investors.html","title":{"rendered":"Gwadar Free Zone: Committees formed to fix issues faced by foreign investors"},"content":{"rendered":"\n<p>Gwadar: Prime Minister (PM) Shehbaz Sharif on Monday (August 15) constituted committees to address the concerns and issues of foreign investors regarding the Gwadar Free Zone, news sources reported. The committees will probe hurdles and issues faced by the investors and will present a detailed report to the cabinet in 10 days.&nbsp;<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/gwadar-free-zone-development.html\" data-type=\"post\" data-id=\"86313\" target=\"_blank\" rel=\"noreferrer noopener\">Gwadar Free Zone development important for economic growth: Minister Ismail<\/a><\/p>\n\n\n\n<p>According to reports, the premier ordered that special arrangements should be made to handle the problems and issues of all Chinese enterprises on a priority basis, including visa barriers. On this occasion, the prime minister was informed that foreign firms are willing to spend USD 10 billion on energy, road infrastructure, railroads, port infrastructure, and other projects. The planned projects would create 45,000 jobs while also increasing Pakistan&#8217;s Ease of Doing Business (EODB) ranking. In this regard, the first phase will see an investment of USD 2 billion.<\/p>\n\n\n\n<p>Furthermore, the cabinet meeting authorised the <a href=\"https:\/\/www.zameen.com\/news\/laws-sell-shares-soes-friendly-countries.html\" data-type=\"post\" data-id=\"87635\" target=\"_blank\" rel=\"noreferrer noopener\">Government Commercial Transaction Act, <\/a>which had been submitted by the Ministry of Law and Justice, and suggested that it be sent to the relevant parliamentary committee for further vetting and approval. The new draft act would allow the government to conduct<a href=\"https:\/\/www.zameen.com\/news\/pm-invites-chinese-firms-to-invest-in-solar-energy-projects.html\" data-type=\"post\" data-id=\"87022\" target=\"_blank\" rel=\"noreferrer noopener\"> government-to-government (G2G) transactions<\/a>, strengthening the trust of international investors and encouraging foreign investment in Pakistan.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/federal-chamber-of-commerce-in-gwadar.html\" data-type=\"post\" data-id=\"87353\" target=\"_blank\" rel=\"noreferrer noopener\">Federal govt to construct chamber of commerce in Gwadar<\/a><\/p>\n\n\n\n<p>It is important to note that the government formulated the initial draft of the G2G policy in July to increase transaction volume in a short period of time without the need for lengthy approvals.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gwadar: Prime Minister (PM) Shehbaz Sharif on Monday (August 15) constituted committees to address the concerns and issues of foreign investors regarding the Gwadar Free Zone, news sources reported. The committees will probe hurdles and issues faced by the investors and will present a detailed report to the cabinet in 10 days.&nbsp; Read: Gwadar Free Zone development important for economic growth: Minister Ismail According to reports, the premier ordered that special arrangements should be made to handle the problems and issues of all Chinese enterprises on a priority basis, including visa barriers. On this occasion, the prime minister was informed that foreign firms are willing to spend USD 10 billion on energy, road infrastructure, railroads, port infrastructure, and other projects. The planned projects would create 45,000 jobs while also increasing Pakistan&#8217;s Ease of Doing Business (EODB) ranking. In this regard, the first phase will see an investment of USD 2 billion. Furthermore, the cabinet meeting authorised the Government Commercial Transaction Act, which had been submitted by the Ministry of Law and Justice, and suggested that it be sent to the relevant parliamentary committee for further vetting and approval. The new draft act would allow the government to conduct government-to-government (G2G)&hellip;<\/p>\n","protected":false},"author":84,"featured_media":68099,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[53609,53608,53607],"persona":[],"class_list":{"0":"post-88008","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-gfz","9":"tag-gwadar-free-zone-authority","10":"tag-gwadar-free-zone-committees-formed-to-fix-issues-faced-by-foreign-investors","11":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gwadar Free Zone: Committees formed to fix issues faced by foreign investors- Zameen News<\/title>\n<meta name=\"description\" content=\"Gwadar: Prime Minister (PM) Shehbaz Sharif on Monday (August 15) constituted committees to address the concerns and issues of foreign investors regarding\" \/>\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\/gwadar-free-zone-committees-foreign-investors.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gwadar Free Zone: Committees formed to fix issues faced by foreign investors- Zameen News\" \/>\n<meta property=\"og:description\" content=\"Gwadar: Prime Minister (PM) Shehbaz Sharif on Monday (August 15) constituted committees to address the concerns and issues of foreign investors regarding\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/gwadar-free-zone-committees-foreign-investors.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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