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Chinese firm vows to make Gwadar more valuable than Karachi within 7 yrs Pakistan government stamped 23-year income tax holiday and exemptions of sales tax and customs duties for the Gwadar Port and businesses to be set up at Gwadar Free Zone Current Affairs :The Chinese administrators of Pakistan’s key Gwadar Port and its free zone in the anxious Balochistan territory have promised to make the seaside city the single biggest supporter of the nation’s national monetary yield in seven years by making 47,000 employments with new speculations worth billions of dollars, as per a media report. China Overseas Ports Holding Company (COPHC) Gwadar Chairman Zhang Baozhong said this on Tuesday after the Pakistan government stepped 23-year personal assessment occasion and exclusions of offers duty and traditions obligations for the Gwadar Port and organizations to be set up at Gwadar Free Zone, the Express Tribune revealed. It (giving of mandate) is a defining moment for Pakistan’s...

India-born al Qaeda chief of subcontinent killed in US-Afghan raid: Report Al-Qaeda leader Ayman al-Zawahiri had announced the formation of the AQIS to take the fight to India, Myanmar and Bangladesh in a video message in September 2014 Current Affairs :India-conceived Asim Umar, the head of the Al-Qaeda in the Indian Subcontinent (AQIS), has been killed during a joint US-Afghan strike on a Taliban fort in Afghanistan’s Helmand territory, Afghan authorities said on Tuesday. Al-Qaeda pioneer Ayman al-Zawahiri had reported the development of the AQIS to take the battle to India, Myanmar and Bangladesh in a video message in September 2014. Umar, who drove the AQIS from its arrangement in 2014, was slaughtered during a joint US-Afghan assault on a Taliban compound in Musa Qala region of Helmand territory on September 23, Afghanistan’s National Directorate of Security said. It said Omar was murdered alongside six different AQIS individuals, a large portion of them Pakistani...