Under the Gwadar Smart Port City Master Plan, the proposed special economic district (SED) is likely to gain tax free status.
The Gwadar Development Authority (GDA) has prepared a draft to acquire tax-free status for the proposed SED for a period of 30-35 years under the master plan.
The draft aims to provide similar benefits and incentives to foreign investors and traders given to local businesses in special economic zones across the country.
GDA official Abdul Razzaq said the draft had been submitted to the higher authorities for consideration.
He hoped that its approval would provide a universal platform for the local business community to prosper.
The official claimed that under the Gwadar Smart Port City Master Plan, which was formally announced in February 2020, the governance model in terms of micro-detailed planning was undergoing rigorous brainstorming sessions by government officials.
