Industrial, Economic Zones to be established in GB under CPEC.

ISLAMABAD -- Industrial and Economics Zones would be established in Gilgit-Baltistan under the China Pakistan Economic Corridor (CPEC) project to uplift the area and bring it at par with developed parts of the country.

Due to tax exemptions, the zones would be more beneficial for the whole country especially locals, a senior official of Ministry of Kashmir Affairs and Gilgit Baltistan told reporter.

He said work on the Babusar top tunnel would be started during next financial year, adding the federal government was determined to remove the 72 years deprivation of the local people.

To a question, he said despite financial crunch, the Gilgit Baltistan had been provided development funds.

Commenting on new water reservoirs, he expressed the hope that Diamer-Bhasha Dam would bring prosperity in the area.

Besides, the government has allocated Rs 400 million for construction of 250-bed hospital in Skardu to provide...