Islamabad: According to a recent news report, the Cabinet Committee on China-Pakistan Economic Corridor (CCoCPEC), while directing the FBR chairman to ensure his presence in future meetings, has sought a detailed briefing on the framework of rules on exclusions required for the Gwadar Free Zone.
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According to details, the FBR Policy Member informed the conference on Tuesday that the tax department is dealing with all exclusions within the existing framework of rules on the subject; however, the status of progress shall be ascertained from related quarters in the FBR.
Noticing slow progress on different CPEC projects, the chair was of the view that the CPEC forum was underutilized. “Therefore, all concerned ministries must submit summaries to the CCoCPEC in respect of projects related to CPEC, where proceedings are pending for inter-ministerial consultation,” he added.
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During the ensuing discussion, the foreign affairs minister highlighted the strategic importance of the CPEC program for Pakistan. He stated that this program should be viewed not only from a financial perspective but also as part of an overall strategic scenario given the bilateral relationship of Pakistan with China.
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