ISLAMABAD - The government on Wednesday declared Gawadar Port as Tax-Free Zone. Mian Manzoor Wattoo, Minister for Industries and Production, disclosed this while addressing a press conference. He said that the industries to be established at Gawadar would export 50 per cent of the production while remaining 50 per cent would be sold in local markets. He said that committee under the chairmanship of Prime Minister on Wednesday declared Gawadar Port as Tax Holiday Zone. The members of the committee were Advisor to Finance, Secretary Commerce and Industries, Chairman Federal Board of Revenue and Additional Chief Secretary Balochistan. He said that the decision would help improve economy, provide jobs to the people and boost developmental and trade activities. He also said that trade with China, Afghanistan, Iran and Middle East through Gawadar Port would usher a new era of commercial activity. He also informed that government had achieved surplus wheat production of 8 million tons against targeted of 6.5 million ton and that would reach around 9 million tons as the procurement was still in process. He also said that the government had paid Rs 27 billion as a subsidy on fertilisers and also provided high yielding seeds to the farmers. He said that in Kharif season, the country needed 30 million ton of urea and 25.5 million ton was available as local production while 4.5 million would be imported. We are giving Rs 20.88 billion urea subsidy for the Kharif season as Rs 16.50 billion on the import of urea bags while Rs 4.38 billion to the local manufactures of urea, he said. He said that government would try to control the black marketing of urea and strict action would be taken against the hoarders.