23 years tax exemption granted to Chinese company investing in Gwadar

Federal Minister for Maritime Affairs Ali Haider Zaidi has announced that government has granted tax exemption to China Overseas Ports Holding Company (COPHC) for 23 years to facilitate establishment of its industrial units at Gwadar Port. COPHC would get tax exemption for installation of machinery, as a step towards relocation of Chinese manufacturing industry in Gwadar and engaging local labour.