http://thenews.jang.com.pk/updates.asp#18554

A 1000-acre cargo complex will be built in Karachi: DG CAA

Updated at 1420 PST

KARACHI: Civil Aviation Authority (CAA) would be spending an enormous amount of Rs50 billion for the development of cargo infrastructure here.

CAA Director General (DG), Farooq Rahmatullah told that a cargo complex spanning over an area of 1000 acres would be built here, which would comprise of logistic centre, aircraft parking base and the refrigeration storage facilities.

He said that the hotel, shopping mall, apartments and other facilities would be constructed in the next six months at the Karachi and Lahore airports under public-private partnership with an outlay of $4.5 billion on this project.

He further said that the aviation policy would be keeping provisions for special incentives as regards the launching of small planes and helicopter services in the backward and northern areas of the country.

CBR chairman, Abdullah Yusuf on this occasion told that a 10-year plan for raising the tax rate has been prepared. He said that the customs duty income has declined due to the lesser imports, while the income tax and sales tax revenues have increased and thus the CBR revenue targets have surged by 25 percent.