January 3, 2022
2 mins read

Pak, China to unlock full potential of Gwadar port

Pakistani and Chinese officials held meetings of the two Joint Working Groups on Gwadar and Socio-Economic Development through video conferencing equipment….reports Asian Lite News

Pakistan and China have resolved to redouble efforts to tap full potential of the Gwadar port and free zone and to ensure that the local population fully benefits from the projects launched in various sectors, Dawn news reported.

Pakistani and Chinese officials held meetings of the two Joint Working Groups on Gwadar and Socio-Economic Development through video conferencing equipment, the Planning Ministry in Islamabad said in a statement.

One of the meetings underlined the need for finalising the Marketing and Investment Plan for Free Zone along with its implementation strategy. The meeting was informed that the plan would soon be submitted for consideration to the Cabinet Committee on China-Pakistan Economic Corridor (CPEC).

The sixth session of the Joint Working Group on Gwadar was co-chaired by Pakistan secretary for planning, development and special initiatives Abdul Aziz Uqaili and Ying Xiong, the director general of the National Development and Reforms Commission of China, the Dawn news report said.

The meeting reviewed the implementation of the CPEC projects in Gwadar and deliberated upon the future course of action with regard to development of the city, port and the free zone, said the Ministry statement.

Both the sides expressed satisfaction over steady progress made on various projects, including full operationalisation of the Gwadar port and its inclusion in the Afghan Transit Trade route; finalisation of the Smart Port City Master Plan; completion of the Pak-China Technical and Vocational Institute; substantial progress on Eastbay Expressway; commencement of work on New Gwadar International Airport and the Pakistan-China Friendship Hospital.

The meeting noted that the project called Gwadar Free Zone Phase-1 had been successfully completed, while work on the bigger Phase-II, covering an area of 2,221 acres, had been started, the report added.

Representatives of several Chinese enterprises, including Zhejiang DRC, China Communication Construction Company, Zhejiang Seaport and Huazhang Technology, made presentations during the meeting on their planned investments in the Low Carbon Recycling Park, within the Gwadar Free Zone.

The Pakistani side assured the potential investors of full support and cooperation for their ventures.

The session noted that despite the Covid-19 pandemic and the resulting travel restrictions, the projects in Gwadar were implemented at a steady pace.

The meeting also took note of various operational issues faced by the projects during the course of the year, the Dawn news report added.

The meeting was also apprised that the government of Pakistan was actively implementing various projects, in close collaboration with the provincial government, to ensure provision of all the necessary facilities in Gwadar.

Such projects include linking Gwadar to the national electricity grid; provision of water to Gwadar city from nearby dams; establishment of the University of Gwadar and Gwadar Safe City project and certain other projects in the socio-economic domain, the report said.

ALSO READ: Pakistan Jamaat Targets IMF

Previous Story

A Victim Fights Back in Karnataka

Next Story

Taliban Dent Pakistan’s desire to become a regional power

Latest from -Top News

Islamists Rise Under Yunus Rule

After the departure of former Prime Minister Sheikh Hasina in August 2024, Islamic parties in Bangladesh, crushed for years by the Awami League government, have made inroads into the political arena…writes Baidya

TIES WITH CHINA: Is Bangladesh Going Lanka Way?

Plans for nine Special Economic Zones, including Chinese-developed sites in Chattogram and Chandpur, promise jobs but risk creating enclaves where Beijing’s economic priorities overshadow Bangladesh’s….reports Asian Lite News On a humid March

Khaleda Zia’s Son Return Looms as Yunus Faces Heat

The core question remains whether Rahman can provide leadership in politically turbulent times in Bangladesh….reports Asian Lite News Speculation is mounting in Bangladesh over the possible return of Tarique Rahman, son of

India Eyes Top 5 Spot in Global Entertainment

With focused investments, policy support, and infrastructural upgrades, India is on track to position itself as one of the top five live entertainment destinations globally by 2030…reports Asian Lite News Fueled by
Go toTop

Don't Miss

Pakistan public mood darkens about PRC despite GHQ efforts

Should the Pak military be unable to ensure safety and

Lanka, China’s Sinopec ink deal to secure fuel supply

According to the deal, Sinopec will involve in importing, storing,