Around 40 per cent construction work on the Eastbay Expressway had been completed while the rest would be completed by December 2020, he added.
(Photo: IANS)
Pakistan on Tuesday decided to give tax exemption of 23 years to a Chinese firm working at Gwadar Port.
During a press conference, COPHC Chief Executive Officer Zhang Baozhong and Minister for Economic Affairs Hammad Azhar said that the COPHC that had already been operating at Gwadar Port would get tax exemption for installation of machinery and other equipment at the port.
The initiative was a step towards the relocation of the Chinese manufacturing industry in Gwadar and engaging the local labour, he said.
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The move would ultimately boost Pakistan’s economy.
The minister said that the COPHC would also set up a desalination plant with the cost of Rs1.95 billion to provide 5,000 gallons of water per day to the people.
On the issue of Gwadar Port’s connectivity with Makran Coastal Highway, he said the Executive Committee of the National Economic Council (ECNEC) had approved construction of three bridges on the Eastbay Expressway to resolve the grievances of local fisherman.
Around 40 per cent construction work on the Eastbay Expressway had been completed while the rest would be completed by December 2020, he added.
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