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27 January 2020 The on-line newspaper devoted to the world of transports 13:13 GMT+1

February 12, 2007

Why 40-year tax holiday for the port operator?

By Ihtasham ul Haque

THE much-delayed inauguration of the Gwadar port is now expected in March. Meanwhile, a controversy has begun as to why the Singapore-based company, which will operate it, has been allowed a 40-year tax holiday despite the government's claim of following a policy of providing a level playing field to all investors.
A question is also being asked whether the Gwadar port project is financially viable and whether it will it fulfil the objectives of attracting bigger vessels and ships as claimed by the government ......
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