"Capital Smart City: Another master piece from the Capital Smart City launched one of its kind innovative & futuristic development - One Capital Residence." " Nova City Islamabad has announced Nova City World - Overseas Block for its valuable customers. This state-of-the-art complex will offer luxurious modern amenities. " "Nova City Frist valeting held, 21st May 2022." Alhumdulillah Congratulations everyone. LSC has taken another step towards our commitments." " RUDN Enclave: Development work in RUDN Enclave is on full swing. FWO also started construction of proposed Rawalpindi Ring Road." "Lahore Smart City: Allocation of plots in sector A & B of Lahore Smart City will be started from 1st June 2022." "Capital Smart City: Selection of Harmony Park, Overseas East and Central has been started. Last date for selection is 22nd, May 2022, balloting will be held on 30th May, 2022."
November 17, 2021
CPEC
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Gwadar To Become Logistic Hub In Next 5 Years Chairman COPHC

Gwadar: In an interview with the media, Chairman of China Overseas Port Holding Company (COPHC) Zhang Baozhong said that Gwadar is going to be a ‘logistic hub’ in the next 5 years, news sources reported. He said that with the completion of the Gwadar free zone and Gwadar port, a total of USD 10 billion will be added to Pakistan’s economy.

According to the chairman, the completion of these two projects would result in the creation of 30,000 employment opportunities as well as the growth of local companies, community development, and municipal infrastructure.

Furthermore, he stated that the Chinese and Pakistani governments are collaborating on the construction of infrastructure, which would boost the total productivity of the project while also attracting investment. Furthermore, he stated that the goal of the Gwadar Free Zone development is to offer new prospects for investment in oil and gas refineries, agricultural, and food processing.

He also stated that the port’s growth over the next five years will improve the aesthetic and commercial relevance of Gwadar. It is worth noting that COPHC began working on the construction of the Gwadar free zone in 2016 and has operational rights for the next five years. In order to make Pakistan more appealing for business, the government has also granted a 23-year tax holiday for investors.

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