The exports have been set in motion for the first time in the Gwadar Free Zone in the framework of exclusion from all sorts of taxes and customs duties for a period of 20 years.
In addition to exports to foreign countries, the Gwadar Free Zone (GFZ), both north and south, has also kick-started the supply of trade articles and manufactured items to the local market of Pakistan.
Both phenomenal measures, aligned with the e-Custom (Web-based One Custom – WeBOC) system, are intended at facilitating Pakistan realize its dream to become a high-performing export-oriented country in the global trading landscape.
Moreover, Agvon, an enterprise integrated into the Gwadar North Free Zone that deals in fertilizer import and processing, stated it would sell 20,000 tons of potassium sulphate to Pakistani and global markets.
The company is projected to initiate its production facility by the start of next year. In this regard, Agvon has already attained 10 acres of land and the manufacturing setup is under construction.
Meanwhile, another industrial concern working in the Gwadar Free Zone, HK Sun Corporation, will export its shipment to the tariff area in Pakistan.
“As per this module, functionalities pertaining to import and export from Gwadar that have been introduced include import from abroad to the Gwadar Zone through transshipment via both Karachi and Gwadar Ports, export to the tariff area and abroad from the zone,” according to Gwadar Free Zone official.
“Additional modalities are expected to be introduced in the coming week, as stated by a document of Pakistan Customs.”
The official added that export from the zone to the tariff area and abroad and vice versa via WeBOC would provide motivation to the industrialization drive and boost commercial activities in Gwadar and the region. “It will accelerate logistic services as well.”
It is pertinent to mention here that the government has concentrated its efforts to develop Gawadar city and the neighboring country China is providing its full support in this regard, as under the umbrella of CPEC, the development work of international Gwadar Airport is almost 90 percent completed and expected that by it will start its operations by 2023.