Pakistan hands land over for economic zone

Zhan Baozhang (left), chairman of China Overseas Port Holding Co, and Dostain Khan Jamaldini, chairman of Pakistan’s Gwadar Port Authority, sign a document during a ceremony in the Gwadar port city of Baluchistan province on Wednesday. Pakistan’s poorest province signed a deal with China, allotting hundreds of hectares of land for China to develop a massive special economic zone in the deep-sea port of Gwadar. The 43-year lease will see the government of Baluchistan hand over a 923-hectare swathe of tax-exempt land as part of the China-Pakistan Economic Corridor, an ambitious US$46 billion investment plan linking west China to the Arabian Sea. — AFP ...

November 13, 2015, Friday

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