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Proposals given at ECC meeting including tax exemptions in Gwadar

Gwadar port and Gwadar free zone will be tax free for all investors as proposed by The Economic Coordination Committee of the Cabinet. A committee will be constituted to amend the law in this regard and remove all the hurdles in making the amendments.

The ECC also decided that for establishing LNG floating terminals, the sites at Port Qasim will only be allocated after undertaking Quantitative Risk Assessment. At ECC, a committee was constituted to examine the option of replacing the weighted average cost gas equalization method with new weighted average sale price equalization method to overcome disparity in sale price and revenue of SNGPL and SSGCL including the approval of five localities for SNGPL and six for SSGCL to set up LPG Air Mix Plants for supply of gas to the residents.

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