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Gwadar Port to generate $10b activity

Gwadar Port to generate $10b activity Top Story June 1, 2021 GWADAR: After becoming fully operational, the Gwadar Port and Gwadar Free Zone would generate economic activities of around $10 billion per annum, said CPEC Authority Chairman Lt-Gen (retd) Asim Saleem Bajwa, here on Monday. “Soon after completion of the Gwadar Free Zone, a lot of manufacturing and trading activities will start; cargoes will move, and trans-shipment activities will increase,” he said while talking to the media here after reviewing the Gwadar Port and other projects under the China-Pakistan Economic Corridor (CPEC) initiative. He said, “We will continue to monitor the development work in Gwadar till all the projects become fully operational.” Asim said the port’s infrastructural work had been completed by the China Port Holding Company at the cost of around $300 million, and its all four berths were fully operational. He said during the last few months, over 67,000 metric tons of cargo had b

Gwadar Port, Free Zone to generate $10 bn annual economic activity: Asim Bajwa

Gwadar Port, Free Zone to generate $10 bn annual economic activity: Asim Bajwa
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SEZs will be futile if industries not installed timely: NA body

SEZs will be futile if industries not installed timely: NA body CPEC parliamentary committee says economic stability will lead to peace, security in Pakistan PHOTO: APP/FILE ISLAMABAD: The Parliamentary Committee on China-Pakistan Economic Corridor (CPEC) has observed that the establishment of the Special Economic Zones (SEZs) would be futile, if industries are not installed there timely. The 37th meeting of the Parliamentary Committee on CPEC held under the chairmanship of MNA Sher Aftab Ali was informed that issues pertaining to sale and cancellation of plots in SEZs need to be resolved at the earliest so that the process of establishing industries in SEZs could be expedited.

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