Gwadar Free Zine to begin exports next year.
BEIJING -- In a major development, exports have been set in motion for the first time in Gwadar Free Zone under the backdrop of exemption from all sorts of taxes and custom duties in the Free Zone for a period of 20 years.
Along with exports to foreign countries, Gwadar Free Zone (GFZ, both South and North) have also kick-started supplying trade articles and manufacturing items for the local market of Pakistan.
" Both phenomenal steps aligned with E-Custom (Web based one custom WeBOC) system aim to help Pakistan realize its dream to become a high-performing export-oriented country in international trading landscape, " China Economic Net (CEN) reported.
Agvon, an enterprise incorporated in Gwadar North Free Zone that deals in fertilizer import and processing claims to export 20,000 tons of potassium sulphate to Pakistani and international markets.
It is expected to start its production facility by the start of next year.
For this purpose, Agvon has already acquired 10 acres of land and the manufacturing setup is under construction.
Moreover, another industry operating in GFZ, HK Sun Corporation will export its consignment to the tariff area in Pakistan.
" As per this module, functionalities pertaining to import and export from Gwadar and vice versa that have...
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