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GCHF
Gatwala Commercial Hub , Faisalabad is Punjab’s biggest and Pakistan’s second largest mixed use, real estate project. It has a covered area of over 3.1 million sq. ft.

This mega project, designed and developed by Shah Nawaz Associates, is located, at the junction of Canal Expressway and Lahore Sheikhupura Road. The road in front of the GCH project, has an average traffic count of 30 vehicles per minute. become, the city’s next mega center for trade, commerce, industries as well as residential projects.

 

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Gwadar Tax-Free Zone Rules 2021 released: FBR

GWADAR: To facilitate investors, the Federal Board of Revenue (FBR) has released Gwadar Tax-Free-Zones Rules 2021.

Under the new rules, the investors and companies will be liable to pay taxes and duties on the exempted imported machinery if they are disposed of before the prescribed limit of five years.

The relief from tax and duties was granted to the plants, machinery, and equipment related to the construction sector under the Customs Act and Gwadar Port Authority Ordinance, 2002. The imported equipment is to be specifically used in the boundaries of the free zone. For the importation of equipment and machinery, a declaration along with other documents has to be filed with the relevant authorities who after examination will grant the exemption under the Customs Act, 1969.

 

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