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A 10-year development plan introduced in the restive northwest, including a merger with Khyber Pakhtunkhwa province.
Pakistan's cabinet approved on Thursday a plan to introduce reforms in the lawless tribal regions along the border with Afghanistan - an area that has provided sanctuary to armed groups for years. Authorities began the reform process in the northwestern region after fighters with al-Qaeda and the Taliban established sanctuaries there. The army regained control of the last of the territories in an offensive launched in mid-2014 that lasted until the end of 2016.
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Tax will be withdrawn on construction of hydropower projects being developed by Chinese companies under CPEC.
The government is expected to withdraw general sales tax (GST) on construction of hydropower projects being developed by Chinese companies under the China-Pakistan Economic Corridor (CPEC) on the pattern of tax exemptions given to mass transits like Lahore Orange Line Metro Train last week. Informed sources said that at least three major hydropower projects with cumulative generation capacity of over 2,700 megawatts among the priority list of CPEC would qualify for the GST waiver worth over 50 billion rupees ($473 million) to facilitate their implementation, which is currently at very early stage. The move would improve cash flows of major investors like China Gazhouba Group and China Three Gorges Corporation, they said. |
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EASTERN REGIONAL ORGANIZATION FOR PUBLIC ADMINISTRATION NCPAG Bldg., RP de Guzman St., University of the Philippines, Diliman, Quezon City, Philippines 1101 Telephone: (+632) 8 929 7789 WhatsApp: 63970 670 7251 |