Tag Archives: Gwadar

  Ports and shipping sector plays a vital role in the economic development of a country, as efficient ports and terminals lower the cost of imports, bring revenue through exports, increase our foreign exchange reserves and enhance tax collection. Recent trends in the shipping industry have shown that cargo ships are becoming larger. These vessels have enhanced capacity to transport cargo in bulk quantities which makes commodities cheaper for the …

  Gwadar port project has actually taken off in 2015 after eight years of its inauguration in 2007. It is the major development with reference to economic development of Balochistan that took place this year. Last month, Pakistan formally handed over the 2,281 acres free trade zone of Gwadar Port to China on a 43-year lease. After the formal handover of the free trade zone, all business affairs of the …

  Gwadar free port project promises massive investment, greater generation of employment opportunities and more development projects in different sectors of Balochistan. An addition of a new deep-sea port at Pakistan’s coastline marks a new chapter of development efforts in the country. It would serve as a springboard for initiating wide-ranging development activities in Balochistan. The port is bound to usher in the province a new era of progress and …

  Confidence between locals with foreign investors needs to be maintained The political leaders and local people have been expressing their serious reservations since the mega seaport project was launched at Gwadar in March 2002. Whereas the local people have attached great expectations from the development of Gwadar port, they also have serious reservations about the fast-track development process in the port city. In the past, Balochistan has witnessed insurgencies …

  Balochistan has immense potential in corporate sector, which needs to be tapped efficiently. Gwadar, a port city and now the winter capital of the province may be developed as a business corporate hub. The port is still non-functional. It still lacks road and rail connectivity and its usage has so far been restricted to bulk cargo such as wheat and urea. The province has been lacking a corporate culture …

  China-Pakistan Economic Corridor (CPEC) has the potential to usher in a new era of economic progress and prosperity for both countries benefiting the whole region as well. The project is expected to be “a game changer” not only for Pakistan and China but also for the whole region. Last month, Pakistan and China signed 51 deals, mostly related to CPEC, which will link Pakistan’s Gwadar Port on the Arabian …

  Future shipping chain will be uncompleted sans Gwadar With the development of Gwadar Port as a fast track project, it has started catching eyes of the international seafarers due to its strategic location offering transitional shipping facilities in the region including entire landlocked for Central Asian States as well as responding to huge transitional movement between Pakistan and China, which is bound to generate huge economic activities for Pakistan. …

  Becoming an operator of Gwadar Port, China is consistently increasing its stakes in Gwadar, a strategically located port city in southern Balochistan. The port has been built with Chinese assistance of more than $220 million and over $66 million has been contributed by the Pakistan authority. The port has full potential to become one of the most user, and trade-friendly ports of the world with its 4.7-kilometres long and …