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Event Title: Senate Standing Committee on Finance held a meeting to exclusively consider the proposed changes and amendments

Event Date: 2020-06-23

The Senate Standing Committee on Finance held a meeting to exclusively consider the proposed changes and amendments – Customs Act 1969, related to Gowadar Port Authority in the light of Concession Agreement between Gwadar Port Authority and PSA Gwadar Private Limited in 2007 as well as Transfer and Assignment Agreement extended between Gwadar Port Authority, PSA Gwadar Private Limited and Chines Overseas Ports Holding Company Ltd in 2013.

Senator Farooq H. Naek Chairman of Standing Committee briefed the Committee in detail about the terms and conditions of both the Agreements.

The Committee after discussion unanimously recommended and approved these amendments in the Customs Act 1969, as they fall within the ambit of Agreement of Law.

Senator Farooq H. Naek Chairman of Standing Committee on finance said that the Committee holds the people of Balochistan especially Gwadar in highest  esteem and feel rapid development to take place over there will bring prosperity to the rehabilitation of Balochistan.