taxfree concessions balochistan

Have a look at the following from the Balochistan investment board concerning tax free concessions for developments....... Look how they mention : "Rekodik copper and Gold are also running successfully".


Balochistan

Historical Background

The province of Balochistan (or Balochistan) of Pakistan contains roughly the part of Balochistan that falls within the borders of present-day Pakistan. Neighboring regions are Iranian Balochistan to the west, Afghanistan and Federally Administered Tribal Areas, Pakistan to the north and Punjab and Sindh to the east. To the south is the Arabian Sea.

Balochistan is geographically the largest of the four provinces at 347,190 km², but has the smallest population: approximately 6.3 million in 1994. The population density is very low due to the mountainous terrain and scarcity of water.

The southern region is known as Makran. A region in the centre of the province is known as Kalat.

The capital city is Quetta, located in the most densly populated district in the northeast of the province. Quetta is situated in a river valley near the border with Afghanistan, with a road to Kandahar in the northwest.

Balochistan was the site of the earliest known farming settlements in south Asia, the earliest of which was Mehrgarh dated at 6500 BC. Parts of Balochistan were held by Oman as late as the 1950s, but they were eventually turned over to Pakistan. Included in these areas is the coastal city of Gwadar where the Pakistani government is undertaking a large project with Chinese help to build a large port. This is being done partially to provide the Pakistani Navy with another base, and to reduce Pakistan's reliance on Karachi, which currently is the only major port.

Investment Conference In The Province of Balochistan

Chief Minister Balochistan, Jam Mohammed Yousuf on the recent Investment conference held on 8th May 2004 in the Province of Balochistan, said that a new era of economic development in the province is about to start. Welcoming the participants of a one-day international conference on investment opportunities in Balochistan he said: "The overwhelming interest shown by investors to explore possibilities of investment in Balochistan is precious to my government".

The major attractive areas at Balochistan are experiencing swift progress like for example Gwadar project (US $1.1 billion Gwadar port project will be completed by 2005), fast completion of coastal highway and revival of Saindak Copper and Gold Project in the province. Projects of Duddar Lead and Zinc, Dilband Iron Ore and Rekodik copper and Gold are also running successfully.

Available Opportunities at Balochistan for the investors include huge natural resources of the province and its peculiar geographical location.

What Makes Balochistan A Matchless Investment Break?

Balochistan is a gateway to the land-locked Central Asian Republics and Afghanistan. The efforts to link the upcoming Gwadar port with the railway network of the country, and eventually to extend it right up to Turkmenistan, would create integrated railway bondage between India, Pakistan, Iran, Bangladesh and Central Asian Republics.


The most important international sea routes also flow along Balochistan and many natural resources of the province such as copper, gold, gas and oil are still untapped.


The rich marine life found along its 750km long coastal strip has yet to be fully discovered and exploited. Further more, vast land of this province with diverse seasons offers opportunities to investors in the field of agriculture.


There is an enormous availability of capital investment, technological innovativeness, managerial skills and marketing expertise to harness these precious resources.


To create a more conducive environment for the investors the government is providing basic infrastructure of roads and development of human resources.


The Government of Balochistan has an open policy of investment offering all incentives, concessions and facilities without any discrimination.


A lot of security concerns are taken into account and measures are implanted at foreign assisted projects like Saindak, Rekodil and other similar projects had been excellent.


Plans are afoot to establish a new city, an industrial zone and oil storage and refining facilities adjacent to the port, which will also provide warehousing, transshipment and other related facilities.


Six new exploration concession agreements covering an area of some 14,000 square kilometers have been signed with Pakistani and foreign companies is evidence of the oil and gas prospects in the province.


Balochistan offers multiple opportunities of investment in infrastructure.


The Asian Development Bank has offered to fund an extensive "Balochistan Road Development Sector Project".


For queries related to investment and Business opportunities in Balochistan please visit or contact Board of Investment’s following Focal Person at Provincial Government Balochistan:-

Major Muzaffar Afridi

Secretary Industries Department

Government of Balochistan,

Quetta

Office: 0819201881

Fax: 081-9201903



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