cpecnews news صفحۂ اول

Gwadar to become a Special Economic District under CPEC

  • June 26, 2019
Gwadar to become a Special Economic District under CPEC
Image caption Gwadar to become a Special Economic District under CPEC

ISLAMABAD - China has recommended the establishment of Special Economic District (SED) in Gwadar and the application of laws and regulations totally different from the rest of Pakistan and on the style of the Shenzen model in China, The Nation has learnt reliably.

The Chinese company Fourth Harbor Design Institute (FHDI) which has prepared the proposed integrated Gwadar Smart Port Master City Plan has recommended the application of Chinese city of Shenzen’s model laws and regulations over the entire area of 1,201 square kms in Gwadar Special Economic District (SED) instead of Pakistani laws and regulations, official sources confided.

The source said that the report prepared by the Chinese company contains 16 chapters on land use planning, urban and transport infrastructure planning, energy, water and waste water, socio economic planning, environmental disaster risk management, community participation and empowerment, guaranteed development for vulnerable areas, development of non concession areas, development of a free port, laws on ownership of properties, institutional framework for GDA, responsibilities of government agencies and financial management.

The report focuses on four areas including adequate infrastructure that makes Gwadar globally competitive and addresses transport, housing, health and the other needs of the local population and migrant workers, the source said. Economic and governance framework is also part of the report. Similarly urban design and heritage preservation strategy and integration of the local population and their ownership for the initiative is also part of the report.

The report recommended that in terms of incentives and policy interventions, Gwadar must have an even more preferential financial incentives structure than competing SEZ’s in the region. This must be the governing principle specific measures for taxation and other incentives such as free currency exchange, deduction of energy costs from taxes, one-factory, one-discussion,30 certificates in one etc.

Regarding the city development the report said that the planning has been conducted in 3 stages. The short term plan will be till 2025 for the population 300,000 and the per capita income will be $ 2,000, under the medium term plan 2025-2035 for the population 600,000 and per capita income will be $ 4,000. The long term plan covers from 2035-2050 for the population of two million while the per capita $ 15,000.

The source said that this is draft proposal of the integrated gwadar Smart Port Master City Plan will be approved from the Steering Committee and then the plan will be presented to technical committee for the final recommendation to the federal cabinet.

Archives

Cabinet committee meeting on CPEC decided to prese nt the CPEC Authority's draft act before the federal cabinet for approval.
Prime Minister Khan Closely Monitors Progress on Development of SEZs
CPEC and Scientific Collaboration, COMSATS Hosts Guangzhou University Delegation
China: Attractive Market for Pakistani Kinnow Export, Secretary-General BMP
CPEC's Regional Connectivity Plan via Railway Proposed
1320 MW HUBCO Power Plant under CPEC Successfully Begins Commercial Operation
Multan-Sukkur Motorway to Urbanize Under-Developed Regions
Custom Collects China's Recent Present to Pakistan: Three Cargo Scanners
Package of Growth, Hope and Development Underlined for Balochistan under CPEC in NDC Meeting
NDC to Approve Gwadar Master Plan in its First Session
China earmarks $1 billion grant for various socio-economic projects in Pakistan
Three motorway projects completed under CPEC to open for general public by the end of August
Koreans willing to invest in CPEC
Pakistan and China share an identical world view: Gen Zubair
Pakistani Women to Rejuvenate Chinese Handicraft Industry
Pakistan to learn from the Chinese experience, ensures full support to investors: Chairman BOI
Pakistan and China to cooperate within the taxation domain
Government green signals the $8.2 billion ML-1 project
CPEC authority to get a full shape prior to JCC meeting
CPEC to boost economic growth in Balochistan
Phase II of CPEC to be a catalyst for industrial and agricultural development
Chinese firm Timesaco vows to overhaul the service sector in Pakistan by investing 20 million USD
China keen to enhance cooperation and connectivity through CPEC
Chinese Delegation receives flowers from the students of SBK Womens University Quetta
CPEC will reinvigorate Pakistan's economic conditions: Cheng Xizhong
Formation of CPEC authority is a proof of Pakistan's trust in CPEC
Transportation infrastructure overhauled after the completion of Sukkur-Multan Motorway
Speaker National Assembly Asad Qaiser terms China Pakistan relations a symbiosis Speaker National Assembly Asad Qaiser terms China Pakistan relations a symbiosis
CPEC to initiate an era of success for Balochistan
Quetta Declaration unanimously adopted by all major Balochistan political parties and civil society