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/

Advertisements

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.

MEETING 14TH MARCH 2009 AT 10. A.M.

MEETING:

The competent Authority is pleased to convence a meeting to discuss the issues of non-execution of development activities of private residential, industrial, commercial and recreational schemes at gwadar. The said meeting is to be chaired by the worthy Director General, GDA and scheduled to be held on 14th march 2009 at 10.00 A.M.

All the requested to attend the said meeting on due date and time along with comprehensive plan with the date of commencement of your development activities. Any bullnecked with regard to non-execution of development works may kindly be communicated so that hurdles may be removed in the best interest of the general public.

 

Signed and issued from the Office of

Rafique Ahmed Baloch

Director Town Planning

Gwadar Development Authority

Gwadar.

Invitation to All Owners of Private Schemes

Scope of Gwadar Port Project and importance of E P ZONE

Scope of Gwadar Port Project and importance of EP Zone.

Government of Pakistan in the budget 2008 has approved one billion for the fast completition of Infra Structure in E P Zone. Hope Government will successfully do so with the consideration of Gawadar Development Authority as well as the Gwadar Port Authority to facilitiate the local Baluchi Brothers.

Phase I: Us $ 248 million. Status: 100% Complete

3 Multipurpose Berths

Length of Berths 602m

4.5 Km long Approach Channel Dredged to 11.5m-12.5m.

Turning Basin 450m dia.

One 100m Service Berth.

Related port infrastructure and port handling equipment & Pilot Boat, Tugs, Survey Vessel etc.

Phase II: US $ 932 million: Work Progressing on building 9 additional berths, which will be:

4 Container Berths.

1 Bulk Cargo Terminal (to handle 100,000 DWT ships).

1 Grain Terminal.

1 Ro-Ro Terminal.

2 Oil Terminals to handle 200,000 DWT ships.

GWADAR OIL REFINERY PROJECT

Gwadar oil Refinery project near TEE MORE  in Gwadar Port Area. Land price near TEE MORE From Makran Coastal Highway to Jinnah Avenue has been raised upto 500% , People are showing interest to invest in private schemes near the above area, Private schemes are developing and the promotors are working fast to develop electricity line, water and sewerge line in their private schemes, How ever the Private schemes near the Makran Coastal Highway from TEE MOR to Jinnah Avenue is been fastly raising……… People wish to avail early living and working benefits near this area… G.D.A. is also taking keen interest to complete the infrasture facilities fast…

If you are interested in investment in Gwadar avail the residential as well as commercial plot near the area between TEE MOR to Jinnah Avenue, Which is 100% secure as well as 1000%  increase in profit investment. The Area beyond this location will be fully occuped and developed till 2010. And the land price will be out of reach

For more details read the following:

 

How long it will take Gwadar to developed.?

Sun Overseas City (B) – Coast way residency(B) both are in chitti shumali out side GDA Master Plan thatis why GDA had issued NOC(B) both schemes are very far from gwadar port and commercial and industrial activities, which is the best location….for investment purpose as per your suggestion?

Gazi Furqan.

Reply: Those Private Schemes which are near to Jinnah Avenue, Makran Coastal Highway from Tee more are most costly because the activities starts early before 2010, The land price you get in these area in sq. feets. not in sq. yds … The prices of land will 1000% times up in all commercial, industrial, housing areas with in E.P.Zone, because all infra development is quickly in progress. And the places are planing not only for development of roads, water lines, sewerage lines but also in progress for building and constructions in the area to avail benefits of 40 years tax holidays… Simply a plot is most commercial area such as like karachi saddar, clifton, defence or Lahore Gulburg area, or Islamabad Blue Area can not compare with the area which are far from the commercial, industrial, residential business points. Depending on your own choice to decide, whether you are buying plot in gwadar for you or for your grand children. you want to earn early returns from your investment with multiply in 1000 times or just to double.. in 2 to 10 years …..choice is yours

salam,
Please tell me,
how long it will take Gwadar to developed. And were is Coast Way Residency project?

Reply: it is in Chitti Shumali, outside Gwadar Master Plan. Watch GDA Master Plan and find the location. It is approx. 50 kilometers from Gwadar Port. 25 kilo meters from Jinnah Avenue.. required 25 to 30 years to developed.

Salman.

Dubai is risky, Gwadar is highlighted every were but gwadar development is question? How long Gwadar Developed and were to invest in Gwadar. Identify the real important place to invest in Gwadar were returns could be in 1000 times. And early returns must be important for investment…

Murad Shah Jaipuri.

Reply:
Depends on location….
Area from Tee More to Jinnah Avenue attached with Makran Coastal Highway with in 2 years development and activities you will see. Due to E.P Zone, were 40 years Tax Free, Business and Housing Schemes are developing Fast. Were the concept is not for allotting plot but to build the plot to get in early advantages of Businesses. Tee more is the high targeted place were its on left is Subzi Madi, on Back its Railway Station, and Back of Railway Station is the port area, on front its start Makran Coastal Highway and near by the N.H.A work shops this Makran Coastal Highway is the very important location for whole Commercial, and Industrial activities were development activities are under way for importers and Exporters who wish to work with China Assemble products as well as wish to spread the china product to world wide, in other hand there are importers who like to spread foods items and other general commodities from the world to Afghanistan and other Central Countries through Gwadar Free Port.

If you desire to buy any plot residential or Commercial and wish to avail 1000% early returns. Than buy the plots in private scheme which are at Makran Coastal Highway and nearby Tee more to Jinnah Avenue.

Those areas which are far from Tee more and Jinnah Avenue with in Gwadar Master Plan will be developed 5 to 10 years. and those private schemes which have NOC with marking “B” will be developed 25 to 50 years. and Those which are outside Gwadar master plan have no future for the generation to come.

salam,
Please tell me,
how long it will take Gwadar to developed. And were is Coast Way Residency project?

Reply: it is in Chitti Shumali, outside Gwadar Master Plan. Watch GDA Master Plan and find the location. It is approx. 50 kilometers from Gwadar Port. 25 kilo meters from Jinnah Avenue.. required 25 to 30 years to developed.

Salman.

Dubai is risky, Gwadar is highlighted every were but gwadar development is question? How long Gwadar Developed and were to invest in Gwadar. Identify the real important place to invest in Gwadar were returns could be in 1000 times. And early returns must be important for investment…

Murad Shah Jaipuri.

Reply:
Depends on location….
Area from Tee More to Jinnah Avenue attached with Makran Coastal Highway with in 2 years development and activities you will see. Due to E.P Zone, were 40 years Tax Free, Business and Housing Schemes are developing Fast. Were the concept is not for allotting plot but to build the plot to get in early advantages of Businesses. Tee more is the high targeted place were its on left is Subzi Madi, on Back its Railway Station, and Back of Railway Station is the port area, on front its start Makran Coastal Highway and near by the N.H.A work shops this Makran Coastal Highway is the very important location for whole Commercial, and Industrial activities were development activities are under way for importers and Exporters who wish to work with China Assemble products as well as wish to spread the china product to world wide, in other hand there are importers who like to spread foods items and other general commodities from the world to Afghanistan and other Central Countries through Gwadar Free Port.

If you desire to buy any plot residential or Commercial and wish to avail 1000% early returns. Than buy the plots in private scheme which are at Makran Coastal Highway and nearby Tee more to Jinnah Avenue.

Those areas which are far from Tee more and Jinnah Avenue with in Gwadar Master Plan will be developed 5 to 10 years. and those private schemes which have NOC with marking “B” will be developed 25 to 50 years. and Those which are outside Gwadar master plan have no future for the generation to come.

Khayaban-e-Shayan Gwadar is illegal Private Housing Scheme which has no NOC from Gwadar Development Authority

Reported by: Nasir Ali Rehman – Lahore Real Estate Treads

in reply From Questions about Gwadar Private Scheme ask us our free observation and free consultancy..,

Khayaban-e-Shayan Gwadar is illegal Private Housing Scheme which has no NOC from Gwadar Development Authority

If Khayaban-e-Shayan Gwadar is illegal scheme, and have no NOC from GDA then how it is advertising in Express News, GEO TV, and other media? Were is GDA? When the GDA takes steps? Why Not GDA is not taking Action Against the All Media Chanel to Stop advetisement? Is any GDA Official is involve in this scheme or any Government Authorities is involve therefore GDA is Silent? What do u think ?

As per my personal view point? I think GDA is also a party for encouraging wrong ful work in Gwadar. If Not then why GDA is not giving Commercial in All Media to hold the wrong advertisement. Do any body is responsible to educate the Low middle class investors to be care ful and not to invest such type of Schemes which have not been Approved by Gwadar Development Authority..?

Reply:
No one can do nothing, if any body want to Suicide ? GDA Fulfill its responsibility with Announcement in Different Media Channels that before buying any plot in Gwadar, Please verify the status of the Private Scheme and verify the NOC Numbers at website of GDA, or contact GDA Office for more clarification. Now what do you suppose to do by GDA more?

If any greedy person with awareness of all above want to take the risk then what GDA can do?

While Gwadar Development Authority is always found helpful to support the investors in all respect. Only to blame any one is very easy, If you have any proof then you will say so, before it is rubbish.