Gwadar EPZ industries get 10-year tax exemption

Gwadar EPZ industries get 10-year tax exemption:

* Industrial units in EPZ allowed to sell 50 percent of their produce locally:
ISLAMABAD: The Federal Board of Revenue (FBR) on Saturday notified a tax exemption on profits and gains of any industrial unit in the Gwadar Export Processing Zone (EPZ) for a period of 10 years.

The exemption will commence from the time the industrial unit is set up or begins commercial operations.

The FBR also notified that industrial units established in the Gwadar EPZ would be allowed to sell 50 percent of their produce in the local market, compared to 20 percent previously.

The remaining produce can be exported as per the producer’s preference.

Earlier, the industrial units located in the Gwadar EPZ needed to export 80 percent of their production for availing tax exemptions and incentives.

The FBR issued SRO 606(I)/2009, which amended the Second Schedule of the Income Tax Ordinance and added a new clause, 126-D, after clause 126-C.

The FBR also issued a notification SRO 612 (I)/2009 that amended the Customs Rules.

According to newly-added clause IV, the licensee may procure duty-paid input goods manufactured locally in addition to duty-free input goods for the production of finished products.

If duty drawback and rebate of federal excise duty are admissible on exports of such finished products on the basis of standard duty drawback and rebate notification, the value for claiming duty drawbacks and rebates would be the products’ value less the value of the duty-free input goods.

LIST OF THE PROJECTS ARE LOCATED IN E.P.ZONE:

1.  Makkah City NOC: 01/O4/IND/GDA

2.  Habitan Shelter NOC: 05/05/IND/GDA

3.  Prince City NOC: 11/07/IND/GDA

4.  Dream City Gwadar NOC: 12/IND/GDA

 

ALSO Read Important information related to Gwadar:

Chinese Interest and Investment:
https://gwadarprivatescheme.wordpress.com/chinese-investment/

Gwadar Future:
https://gwadarprivatescheme.wordpress.com/gwadar-future/

Gwadar News:
https://gwadarprivatescheme.wordpress.com/gwadar-news/

Q & A Gwadar:
https://gwadarprivatescheme.wordpress.com/q-a-gwadar/

Multi-Billion Dollar Pakistan China rail link moving forward

Multi-Billion Dollar Pakistan China rail link moving forward

Posted on November 15, 2009 by Moin Ansari

Read full story: http://rupeenews.com/2009/11/15/multi-billion-dollar-pakistan-china-rail-link-moving-forward/

What is Chinese Interest in Gwadar?

Gwadar City is the Dream Project of Pakistan

Key Note on Gwadar Progress and Development:

Gwadar project has a very significant role not only for Pakistan but also for the whole region. Pakistan’s unique geography and geo political factors in the region have made it one of kind opportunity for Pakistan. Solid commitments by Chinese and Pakistani government with concrete steps on ground, growing interest by Gulf countries and Investors around the globe are indicators of the bright future of Gwadar.

Investment in any Project in E.P.Zone  Gwadar is an investment with a 20 years Tax Holiday facilities and  trustworthy, reputed company committed to excellence and confidence and in a location which is already focus of the world.

Which are the countries directly benefited by Gwadar?

Because of unique geography, Gwadar virtually benefits all countries in the region. In today’s increasingly interdependent world it would not be wrong that indirectly it benefits the whole world. However, some of the important countries directly benefited by Gwadar beside Pakistan and China are as following:

a.      Tajikistan. A land locked country that will get access to international waters for its Oil and Gas exports and other imports.

b.      Uzbekistan. Again a land locked country, greatly benefited by Gwadar.

c.      Turkmenistan. Same as above.

d.      Afghanistan. Afghanistan has been historically dependent upon Pakistan for its sea routes. Present reconstruction efforts need more and more materials, but the existing port facilities already under pressures from Pakistan’s needs find it difficult to manage. Besides, through Gwadar the access to international waters would be further reduced to great advantage of Afghan reconstruction.

What is Chinese Interest in Gwadar?

China has a great strategic interest in Gwadar. Following are the important ones:-

a.      China is heavily dependent upon the oil from the gulf, at present this oil passes via a very long route, through the straight of Malacca under US influence. After this oil has reached the Shanghai or the Chinese East Cost, it has to be transported thousands of miles in land to West of China. By using Gwadar port and than Karakoram Highway (KKH) its much safer, cheaper and shorter route to west of china.

b.      Middle East is very important region in the world because of its Oil Reserves and large markets. China has a natural dependence on this but does not have means to influence it. Government of Pakistan has already committed to providing a Navel Base to China in Gwadar. This will not only help secure the Gwadar but also take the Pakistan China Friendship to new heights.

c.      Chinese Goods will find an easier, shorter and secure route to Middle East increasing profitability and increasing trade.

d.      China will greatly benefit from the industrial zone by setting up industries close to the markets.

Chinese Commitments:

It is important to understand the Chinese commitments which are indicative of importance that china attaches to Gwadar. China has very strongly committed to Gwadar project, because of her interests. Following are the major inputs from the China:-

a.      China has been instrumental in design of the project.

b.      China is providing approximately 80% of the cost of Port in shape of grants and soft loans.

c.      Over 500 Chinese workers have worked on the project on 24 hour basis to complete the port setup. There are still a large number of Chinese workers and engineers working on the project.

d.      China has further committed to provide money and resources as and when needed.

e.      China is setting up a Dry Port at the Pak China border to take advantage of shorter route to sea through Gwadar.

f.       China has paid US$ 360 million to Pakistan for expansion and up gradation to all weather traficability of Karakoram Highway linking Pakistan with China. The contract has been awarded to Frontier Works Organization, who has also started the project.

g.      Feasibility and engineering studies to connect China with Gwadar through pipeline and railway track has already begun. This railway track also has the significance of being an engineering marvel of the world.

What is International Significance of Gwadar?

Another angle to look at Gwadar is its significance and effect to rest of the world. Following are the major developments in this regard.

a.     India is threatened by Gwadar as this new port and associated developments will help increase the influence and significance of Pakistan. This development also brings Pakistan and China more close. A stronger Pakistan with higher stature in the international world is not welcome to India. India is also weary of increased dependence of CAR’s, Afghanistan and China on Pakistan, with obvious benefits to Pakistan. Pakistan will become an important player in the region through Gwadar and India is troubled by the very thought.

b.    This is the best and most advanced port in the whole region, it is therefore getting heat from many corners. In reality this is going to be to the benefit of every one. Shorter and more economical route to CAR’s and Afghanistan is especially going to be beneficial to India who eagerly looks to increasing trade with them.

c.     Turkmenistan is a country blessed with natural gas and oil. But being land locked, it can’t benefit from them. Trans Afghan Gas Pipeline (TAP) from Turkmenistan to Gwadar, the long dormant project that hopes to pump Turkmen natural gas to markets in south Asia is finally ready to step off the drawing board. This project is being developed by CENTGAS.

d. Kazakhstan is also a country with lot of Oil but no means to access the international market. A pipeline is also planned to transport this oil to Gwadar and than rest of the world.

e.      Many more companies in the world from various countries would be setting up their businesses to take the advantage of State of the art world class port the best in the region, with cheap labor and close proximity to the huge Middle East market.

f.       Due to good geography and unscathed sand beaches, tourism and recreation resorts have good potential and large multinational companies are taking up locations for the purpose.

g.      Far from just an academic point of view, recent interest of various international companies to include Shell for setting up mega oil refinery in the area, and deep interest of UAE business groups in Gwadar are important landmarks in this light. UAE alone is committed to investing $30 Bn, with further understanding of $60 Bn more. They have plans to build Hotels Resorts and Recreation centers in Gwadar. Its not long when other Arab Countries, overloaded with high returns from the record oil prices also expose their plans in the area.

The Baluch Nationalism Threat Myth.

As mentioned before, a project of such huge international significance and advantage to Pakistan just could not go without its enemies playing a role to downplay this mega project and pessimists airing their voices. A strong prosperous and important Pakistan is a hope for all well wishers and Muslims alike, and exactly this is what is dreaded by those who don’t want a Muslim country so strong. They in order to undermine Pakistan are creating, supporting and propagating disinformation about the so called Baluch Nationalism. Following are some of the facts to be considered in this regard.

a.      Govt. of Pakistan has launched a development budget of Rs. 125 Bn for Baluchistan, other than Gwadar. This unprecedented commitment from government has spurred the development in province to new height.

b.      There are total of 27 Districts in Baluchistan of which there is only one district where there is some trouble. No other district has any sign.

c.      Even in this district there are 14 tribes and only one tribe has a problem. This tribe further has more than two factions of which only one has trouble.

d.      This district is closer to Lahore than Gwadar. How can it affect Gwadar more than Lahore?

e.      A Baluch in the area who once tended sheep and had hard time making two ends meet, is now driving a four wheel drive. Local feuds have stronger economic interests with the investors and are therefore quite opposed to any disturbance.

f.       Most recently people of Gwadar rallied to demonstrate their support and gratitude to government of Pakistan for mega projects in Baluchistan. They also took an opportunity to air their disapproval of the miscreants playing in Indian hands. Wide coverage of this in local press and large turnout speak volumes about this.

g.      Common people in Baluchistan are greatly benefited by this project, providing them with new employment and business opportunities.

h.      A military cantonment is being set up in Gwadar to safeguard countries interests. A Battalion of Pakistan Army has already been stationed with more troops in follow up.

Major Developments at Gwadar

  1. Govt. has pledged Rs 63 Bn to connect Gwadar with the national Railway Network through 963KM’s track, this is the biggest ever project for Railway. A track is also being worked on from Gwadar through Turbat, Panjgore and Rato Dero to link up CAR’s.

  2. 715 KM’s Makran Coastal Highway linking Gwadar with Karachi, has been completed.

  3. The new International Airport has received a grant of US$75 millions from Oman and   Rs 563.35 million from Pakistan government. The work is to start shortly as soon as the port starts its operations.

  4. Prime minister has allocated Rs. 21 Billions to speedup the development.

  5. President has announced the establishment of an Oil Refinery, British Petroleum and Shell along with others have expressed their interests in the project. The Refinery is to be constructed on 2500 Acres, and would help Gwadar become the hub of Oil for Pakistan, as said by the prime minister.

  6. The work on fourteen major Roads inside Gwadar is in full swing i.e. Baluchistan Boulevard, Jinnah Avenue, and Costal Highway for onward linking with Afghanistan, Iran and CAR’s.

  7. President in his recent visit to Quetta has announced following about Gwadar.

    1. He has reiterated that Gwadar Port be ready by the end of the year.

    2. He has instructed to complete Gwadar-Turbat-Hoshab-Basima road within three years to connect Gwadar port with RCD highway and Indus highway. This would connect Gwadar with Iran and Turkey besides further improving the communications to and from Gwadar.

  8. World Bank has offered loans for construction of railway links with Gwadar, Pakistan Govt. is considering the offer.

  9. New Expression of Interest to manage Gwadar Port Operations from three international port operators is a very encouraging sign, it will help government to make best of the opportunity.

Units established in the Export Processing Zone, Gawadar.

 

Gwadar is Attractive Investment for Abroad Pakistanis and foriegners

 

Export Processing Zones in Pakistan

The Export Processing Zones Authority (EPZA) was established in 1980 by the Government with the mandate to plan, develop, manage and operate export processing zones in Pakistan. The Authority is an autonomous body and functions under the Ministry of Industries, Production & Special Initiatives and is administered by a Board of Directors headed by a Chairman. The Authority has since been pursuing an extensive industrial programme for setting up EP Zones in the country.

Gwadar is the new EPZ location which is being developed near the newly constructed Gwadar Port.

ISLAMABAD: Federal Minister for Industries and Production Mian Manzoor Ahmed Wattoo Sunday said that Gwadar Port would be converted into Export Processing Zone.

Chairing a high-level meeting on development of Gwadar Port, the minister said recommendations of the cabinet committee would shortly be sent to Prime Minister Syed Yousuf Raza Gilani and Economic Coordination Committee for approval of the development projects for Gwadar and Balochistan.

Chief Minister of Balochistan Nawab Aslam Raeesani, FederalSecretary Industries Shahab Khawaja, Additional Chief Secretary Balochistan, Chairman Export Processing Zone and senior officers of Gwadar Port also attended the meeting.

Mian Manzoor Ahmed Wattoo said that Gwadar Port would be the biggest port of the country where heavy ships will also be entertained.

He said this port will also be used for the import and export activities of Middle East, China and UAE while it will also be used for trans shipment of goods for various countries.

He further said that according to Gwadar Master Plan, the area of the port is 90,000 acres.

He said President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani and federal government are preparing various development plans for the betterment of people of Balochistan.

Wattoo said in future, the Gwadar Port would be one of the best ports of the world in future.

For Latest information and news search for:

Gwadar City:

Gwadar City -Gateway to Asia

http://gwadarcity.info/

 Islamabad the 26th June, 2009.

GOVERNMENT OF PAKISTAN

(REVNUE DIVISION)

FEDERAL BOARD OF REVENUE

*****

 

S.R.O.600(I)/2009.- In exercise of the powers conferred by section 219 of the Customs Act, 1969 (IV of 1969), the Federal Board of Revenue is pleased to direct that the following further amendment shall be made in the Customs Rules, 2001, namely:-

 

“4  Units established in the Export Processing Zone, Gawadar.

  

In the aforesaid notification, in rule 228, in sub-rule (5), in the Table, in column (1), after serial number 3 and the corresponding entries relating thereto in columns (2) and (3), the following new serial number and the corresponding entries relating thereto in columns (2) and (3), shall be inserted, namely:-

 

 “4  Units established in the Export Processing Zone, Gawadar.

 

 

 

 

__________________________________________________________________________[C.No.3(2)EP/2000] 

(ROZI KHAN BURKI)

Chief (Exports)

 

 

 NOTIFICATION (CUSTOMS)

Gwadar – “The Dream City” Is it Still an Ideal Real Estate Investment?

Gwadar – “The Dream City”  Is it Still an Ideal Real Estate Investment?

If we can close our eyes to the ongoing chaos in Pakistan and all sorts of conspiracy theories encircling the future of Balauchistan, for a moment, Gwadar would probably come out as the most lucrative real estate investment in Pakistan. Especially after the Gwadar port has started to function in December, 2008. Apart from Pakistan, the strategic location of this port is crucial to many other countries including China, India, Middle Eastern countries, and even United States, supposedly the uncertain situation of this region is a result of all these players jumping in to safeguard their own interests.

Required Wise Selecting Gwadar Properties and Real Estate is very important:
Gwadar real estate prices have already appreciated a lot in the last decade or so, areas like E.P.Zone, Jinnah Avenue, Near Tee More Port Area, And Properties with in Gwadar Master Plan and Approved Private Project by GDA with alloting NOC With Grade A. Those GDA Noc which ends with /B is very far so the future of those private projects are also forcase after 30 to 40 years. Or otherwise we can say the future of those NOC which obtain with mark /B is dark, etc.  have seen a sharp rise in the price of land and properties. Many housing schemes are in their initial stages, Given that the overall situation in Balauchistan improves and become a little less uncertain, Gwadar is tipped off as another Dubai by many experts, as far as real estate market is concerned. As of now, it’d be a little too risky for small investors to invest in this region; however Gwadar is definitely a place to keep tabs on.

Gwadar Attractive Investment for foriegners/abroad Pakistanis

Gwadar Attractive Investment for foriegners as well as abroad Pakistanis

Gwadar is the future of Pakistan for Trade, Business and Import / Export activities. Gwadar Port will be the one of the largest port in the world were most of the china products will be spread through world market.
Gwadar is business hubs for all the centeral asian countries and corridor for Business and Trade for China, Afghanistan, India, and Central Estate such as tajikistan, Azarbhaijan, Turmanistan, So the real attraction in gwadar for investors are commercial and industrail basis therefore it is suggested to all investers who wish to invest in Gwadar that to invest in Industrial and Commercial Projects.  Because Gwadar will upgrade through Trade and Commerce activities.

Those who invest in Gwadar Export Processing Zone – Industrial Schemes get 1000 times more attractive returns then others. 

 Secondly do not invest in private bulk land.  It is difficult to manage and unsafe from kabza groups. The best investment in Gwadar is through Gwadar Private Schemes which have taken NOC from GDA so GDA will also make sure for your safe investment.

Please Note GDA issue two types of NOC A which is within Gwadar Master Plan and Those NOC which ends with marking /”B” means these schemes are out side Gwadar Master Plan and far from Gwadar Sea Port and the status of these NOC is B grade. More detail about the NOc you may get from below.

Secondly.

Not invest in those projects who got NOC and Even not established site office at project with demarkation so these projects have doubtful future. Due to its big size.

Invest in such projects which are near to sea port and which can be easily manage transport facilities electricity and other public facility easily in their projects.

The most demandable place and location of investment is E.P.Zone – Export Processing Zone were the activities of trade and commercial will be seen in near future. Due to many inisatives have already been taken by the Government of Pakistan with the support of  China.

So wiseable advise is that to buy Industrial Plots –  Show Room Plots and Commercial activities plots for better returns from Gwadar investment.

Government of Pakistan alocated E.P.Zone for the Tax Free Area, and also allocated billions of Amount to complete E.PZone for early commercial activities. Due to Near Sea Port Area as well as to start commercial activities such as manufacturing and assembling in Gwadar.

Now you may decide by your self were to invest in Gwadar. We can not inform you in which project you invest but we guide you in which area you may invest for early best returns and safe returns.

PLEASE NOTE:

THOSE NOC WHICH ISSUED BY GDA WITH ENDING “B” MEANS IT IS OUT OF GWADAR MASTER PLAN AND ALL DEVELOPMENT WORK INCLUDING ROADS AND STRUCTURE IS PROMISED BY THE DEVELOPER TO COMPLETE. WHICH TAKE LONG PERIOD MAY BE THIRTY TO FORTY YEARS. THERE FORE IT IS NOT MUCH SAFER.

EXAMPLE OF NOC “B”

GDA NOC: OO/OO/HS/GDA(B) OR

GDA NOC: OO/OO/IND/GDA(B) OR

GDA NOC:OO/OO/REC/HTL/GDA(B)

SO TRY TO INVEST WITH IN GWADAR MASTER PLAN AND WITH IN RANGE OF 0.5 KILOMETER FROM JINNAH AVENUE , MAKRAN COASTAL HIGHWAY, AIRPORT ROAD.

PLEASE ALSO NOTE THAT THERE ARE TWO COASTAL HIGH WAY ONE IS AT BOUNDRY WALL OF GWADAR MASTER PLAN AND ANOTHER IS MAKRAN COASTAL HIGHWAY WHICH STARTS FROM TEE MORE TO JINNAH AVENUE END TO ZERO POINT.

POINT TO BE ALSO NOTED THAT THE RATE OF NOC B PRIAVE SCHEMES ARE CHEAPER DUE TO VERY LONG TERM INVESTMENT BUT SCHEMES WITH NOC A IS THREE TO FOUR TIMES HIGHER COST THAN NOC B BECAUSE DUE TO SAFE EARLY RETURNS AND BEST RETURNS FROM THE NOC A SCHEMES.

Gwadar to be Balochistan’s winter capital

The Balochistan government has decided in principle to name Gwadar as the province’s winter capital, a private TV channel reported on Thursday. The channel quoted official sources as saying that the plan to name Gwadar as the winter capital would possibly be approved in the upcoming provincial budget. The channel said Balochistan officials had held a series of meetings in Islamabad for this purpose.