QUETTA: The Chief Executive Officer of the Balochistan Board of Investment and Trade, Farman Zarkoon, on Monday said that an investment policy had been introduced for the first time in Balochistan.

Talking to various delegations of investors from Karachi, he said innumerable incentives and facilities had been provided to domestic and foreign companies for investment in Balochistan.

An attractive environment had been provided to investors in Gwadar Free Zone, he added.

Mr Zarkoon said the investment policy had allowed tax exemptions for 23 years, 100 per cent exemption from customs duties for construction and operations, land lease for 99 years, flexibility in visa rules, offices and infrastructure of international standard and security arrangements, while small industrial units and warehouses were ready for use.

CEO informs investors about incentives under new policy

Investors have access to facilities at their doorsteps. Numerous concessions have also been given in the free trade zone, while an oil city is being set up on 8,000 acres of land, besides water desalination plants, LNG terminals, restaurants and recreational facilities in Gwadar, he added.

Mr Zarkoon said that there were vast investment opportunities in supermarkets, power generation projects, oil terminals, warehouses, container rails, import industries, tourism infrastructure and hotels, which could be exploited to the fullest.

There were numerous investment opportunities in livestock, tourism, special economic zones, industry and construction and agriculture sectors, he added.

Published in Dawn, January 19th, 2021