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Toll tax of 2.50% of invoice value from Chinese exporters proposed

byCT Report
22/11/2017
in National
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PESHAWAR: Pakistan Tehreek-e-Insaf (PTI) has proposed charging of a toll tax of 2.50 percent of the invoice value from Chinese exporters to make Khunjerab to Gwadar Road sustainable and financially viable project.

Addressing a function in the Institute of Architecture Pakistan Peshawar here, PTI Senator Nauman Wazir said that this would amount to $25 per ton, still $50 per ton cheaper with 15-day of reduced transportation time. He said that under China Pakistan Economic Corridor (CPEC) Chinese exporters from Xinjiang would not only save $80 per ton but also 15 days of transportation time.

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He said that at present the goods transport from Xinjiang to Dubai port through Eastern port of China costs $130 per ton to the Chinese exporters and takes 22 days. However, the same goods if transported through Gwadar would cost the Chinese exporters $50 per ton. He also highlighted the coming infrastructure and power project under CPEC. He showed his reservations on the financial viability of the Khunjerab to Gwadar road and infrastructure.

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