ISLAMABAD: The Cabinet Committee on China Pakistan Economic Corridor (CPEC) Friday assigned the ministry concerned to submit a detailed proposal regarding the import of electricity from Iran to specifically meet the future needs of Gwadar. Briefing the media about the proceedings of the meeting of the cabinet committee held under the chair of Prime Minister...
ISLAMABAD: The Cabinet Committee on China Pakistan Economic Corridor (CPEC) Friday assigned the ministry concerned to submit a detailed proposal regarding the import of electricity from Iran to specifically meet the future needs of Gwadar.
Briefing the media about the proceedings of the meeting of the cabinet committee held under the chair of Prime Minister Shahid Khaqan Abbasi, Special Assistant and Spokesperson to Prime Minister Musadik Malik said the participants discussed the CEPC projects in detail including power and water supply, construction of Gwadar airport, free port, extension of the port and development of the Special Economic Zones (SEZs).
He said the committee had asked the ministry concerned to furnish the proposal by coming weeks for import of the electricity from Iran for Gwadar.
He said though Pakistan had already been importing a minor chunk of electricity from Iran, but on barter basis, to avoid the violations of the international sanctions imposed on Iran.
To a question, he said Pakistan was ready to complete the gas pipeline project with Iran propvided the international sanctions on Iran were lifted.
He said the government had tackled the power crisis efficiently and the country would become power surplus shortly.
Malik said China had provided a grant worth Rs22.25 billion for construction of Gwadar International Airport and the preliminary design of the project had been completed. The work on the project would start by mid next year and would take another three years for completion.
He said the government would also hold first global expo in Gwadar to promote investment in the country.
He said the government was also strategizing to end the dependence on rainwater in Gwadar and had sought proposals in this regard to execute long term project to cope with water needs.
He told media that nine SEZs would be established representing all federating units including Gilgit Baltistan and AJK.
He said the government had announced five-year exemption from custom duty for the parties developing the SEZs and ten year exemption for the industries to operate there provided they start functioning before June 2020.
He said the government had installed gasification plant of 600 million cubic feet within 11 months and second one would be inaugurated within a couple of days.
To a question, Malik said finance minister was under treatment abroad, the prime minister was looking after the affairs of his ministry. – APP