Share:ISLAMABAD - Gwadar will be logistic hub in the region in next five years that would play a significant role in improving the nation economy of Pakistan, said Zhang Baozhong, Chairman of China Overseas Port Holding Company while reviewing the 5-year-journey of the project. The China-Pakistan Economic Corridor (CPEC) reached an important milestone on November 13, 2016 by the start of the first shipment of trade cargo from Gwadar Port to international destinations, CEN reported yesterday. He said that with a view to attracting investors, the Pakistani government has passed the Finance Bill 2020 and allowed a 23-year tax holiday for all the investors. Talking about Gwadar Free Zone, the first modern industrial park in Pakistan, Zhang Baozhong said that up to now 46 enterprises have been registered for investment in Free Zone, mainly covering logistic, warehousing, Halal food processing, agriculture, textile, etc. “More and more investors are showing keen interest in investing in here,” he added.

Source: The Nation November 16, 2021 04:00 UTC