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Chinese power firm in Pakistan faces problems, delays in tax exemption

Chinese power firm in Pakistan faces problems, delays in tax exemption Karot Power Company Ltd (KPCL), a special purpose vehicle (SPV) executing the hydropower project on the Jhelum River on a build-own-operate-transfer (BOOT) basis with the Chinese power company said that it has been facing serious problems and delays in obtaining advance tax exemption orders at import stage from the Federal Board of Revenue (FBR) for the last few months. ANI | Lahore | Updated: 04-08-2021 09:37 IST | Created: 04-08-2021 09:37 IST Representative Image. Image Credit: ANI Country: SHARE Karot Power Company Ltd (KPCL), a special purpose vehicle (SPV) executing the hydropower project on the Jhelum River on a build-own-operate-transfer (BOOT) basis with the Chinese power company said that it has been facing serious problems and delays in obtaining advance tax exemption orders at import stage from the Federal Board of Revenue (FBR) for the last few months. In a letter to China-Pakistan Economic Co

CPEC projects to boost Pak-China trade: analysts

CPEC projects to boost Pak-China trade: analysts August 4, 2021 China-Pakistan iron-clad relationship and the substantial progress already made in the construction of the multi-billion-dollar China-Pakistan Economic Corridor (CPEC) projects could provide economic propulsion to boost bilateral trade between the two countries, according to analysts. Multiple Chinese enterprises from a variety of industries have settled in Gwadar Port in Pakistan, which has been cooperating with local companies across different industries such as fisheries by providing them with refrigeration equipment and processing equipment, Liu Zongyi, secretary-general of the research center for China-South Asia Cooperation at Shanghai Institutes for International Studies, said. Liu noted that high-quality seafood products from the Gwadar Port now can be directly shipped to Northwest China’s Xinjiang Uygur autonomous region as CEPC has provided improved infrastructure for the country.

Gwadar to become trade hub: Alvi

Gwadar to become trade hub: Alvi Says regional connectivity will result in economic activity and ensure win-win prosperity for all countries PHOTO: PID QUETTA: President Dr Arif Alvi on Tuesday said Gwadar in near future would become an important trade hub by connecting Balochistan with Central Asia and result in economic development of the region. Talking to parliamentarians at the Governor House, the president said regional connectivity would result in economic activity and ensure win-win prosperity for all countries. President Alvi said, in view of the progress on projects under the China Pakistan Economic Corridor (CPEC), there was a need to train youth on modern professional lines.

Pakistan replaces Asim Saleem Bajwa as chief of CPEC Authority

Pakistan replaces Asim Saleem Bajwa as chief of CPEC Authority
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