Gwadar Port declared tax free zone for 20 years

Balochistan Chief Minister Nawab Aslam Raeesani has declared Gwadar deep sea port a tax free zone for the next 20 years under the Gwadar Master Plan. Talking to a private television channel on Sunday, the chief minister said the decision had been taken after a meeting with Federal Industries Minister Manzoor Wattoo. Raeesani said no tax would be levied on the import of construction materials in Gwadar to expedite economic activities in the area. He said a majority of the local residents would be given jobs in the seaport. Earlier, Wattoo told the meeting that Gwadar port would be converted into an export-processing zone