The Chairman of China Overseas Ports Holding Company (COPHC), Zhang Baozhong has assured FPCCI that he will recommend Chinese Government to waive 6 percent import duty for export industry setup in Gwadar Free Zone.
This was informed by FPCCI President Engineer Daaroo Khan who lead a FPCCI delegation to Gwadar zee Zone comprises of members of industries, businesses and banking sector recently.
The delegation met Baozhong and a presentation was given by General Manager COPHC, Shahzad Sultan.
It was informed that electricity will be provided to industries setup in Gwadar Free Zone of subsidized rate, Water will be provided by COPHC, infrastructure will be made and provided by COPHC, arrangements are being made for supply of gas to industries.
Chairman Siddique Sons, Tariq Rafi said that they will consider setting up industrial unit in Gwadar free Zone for export to China once 6 percent import duty is waved.
The delegation comprises of Arif Habib, Tariq Rafi, Nadeem Riaz, Abid Sattar, Khurshed Zafar, Khalid Tawab and Tariq Haleem.