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Gwadar Port Authority's revenue: Balochistan yet to receive apportionment of 10 percent.

Business Recorder

| August 12, 2011 | COPYRIGHT 2002 Emmayzed Publications (PIT) Ltd. (Hide copyright information)Copyright

Byline: TAHIR AMIN

The government of Balochistan has yet to receive apportionment of 10 percent of the Gwadar Port Authority (GPA)'s revenue agreed under the Aghaz-e-Haqooq-e-Balochistan package. GPA's only source of revenue is its revenue share on account of operation of the Port by Port Singapore Authority (PSA).

GPA has recommended apportionment of 10 percent of the said revenue to the government of Balochistan for the development of the province, informed sources revealed to Business Recorder. However no amount has been released under the agreed commitment.

Sources further revealed that the federal cabinet approved the GPA bill in a special cabinet …

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