ISLAMABAD, Oct 8 (APP):The government has granted tax exemption to the China Overseas Ports Holding Company (COPHC) for 23 years to establish its industrial units at the Gwadar Port. The COPHC, which is operating the Gwadar Port, would get tax exemption for installation of machinery and other equipment at the port, said Minister for Maritime Affairs Ali Zaidi told a press conference here on Tuesday. Flanked by COPHC Chief Executive …
COPHC gets 23-year tax exemption: Ali Zaidi
ISLAMABAD, Oct 8 (APP):The government has granted tax exemption to the China Overseas Ports Holding Company (COPHC) for 23 years to establish its industrial units at the Gwadar Port.
The COPHC, which is operating the Gwadar Port, would get tax exemption for installation of machinery and other equipment at the port, said Minister for Maritime Affairs Ali Zaidi told a press conference here on Tuesday.
Flanked by COPHC Chief Executive Officer Zhang Baozhong and Minister for Economic Affairs Hammad Azhar, he said the initiative was a step towards relocation of Chinese manufacturing industry in Gwadar engaging the local labour, which would ultimately boost Pakistan’s economy.
