3,000 acres of land for ex­pan­sion of Gwadar In­dus­trial Zone

The Pak Banker - - NATIONAL -

QUETTA: Balochis­tan pro­vin­cial gov­ern­ment would pro­vide 3,000 acre of land for ex­pan­sion of Gwadar In­dus­trial Zone in or­der to make it fur­ther func­tional, Sec­re­tary In­dus­tries and Trade, Noor Muham­mad Jo­gezai said on Wed­nes­day. The pro­vin­cial gov­ern­ment was tak­ing prac­ti­cal steps to give in­cen­tives for in­vestors and in­dus­tri­al­ists to de­velop in­dus­tries and en­hance its ac­tiv­i­ties, he said while chair­ing a meet­ing of Gwadar In­dus­trial Es­tate and De­vel­op­ment Au­thor­ity.

Be­sides pro­tec­tion of the in­vest­ment, the in­dus­trial would be al­lot­ted land on proper price and soft con­di­tions, he added. The Sec­re­tary said, the real es­tate ac­tiv­i­ties should be dis­cour­aged in the In­dus­trial Zone, adding, the plots al­lot­ted for set­ting up of in­dus­tries should not be uti­lized for any other pur­pose.

He said, all the hur­dles in the way of the de­vel­op­ment of the in­dus­trial zone should be re­moved. Jo­gezai said, the in­dus­tri­al­ists should be as­sured that the gov­ern­ment was in favour of de­vel­op­ment of in­dus­tries and re­vival of sick in­dus­trial units. He said, pos­si­ble tax ex­emp­tion would also be en­sured for the in­dus­tries, adding the de­vel­op­ment of in­dus­trial zone would help en­sure em­ploy­ment op­por­tu­ni­ties for thou­sands of peo­ple which would prove a mile­stone for the de­vel­op­ment of the prov­ince as well as the Makran belt.

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