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Archive for category Gwadar News

History of Gwadar: Past, Present and Future

Although a few years back the word Gwadar was not known to many but the past few years have changed the fact. Gwadar is one of the most spoke about cities of the world. Gwadar is a port city in the South-Western Cost of the province of Balochistan in Pakistan. The Gwadar city is located on the shores of Arabian Sea. The city is almost 700 KM away from Karachi (the largest city of Pakistan). Another amazing geographic fact linked with Gwadar is that it is near the border of Iran and is situated to the east of Persian Gulf- which is right opposite to Oman. In the past, from 1783 to 1958, the Gwadar port was in possession of Oman.

For most of the history, Gwadar remained a small size settlement where the economy was majorly based on fishing. The strategic value of the location was accepted in 1954 when it was pointed out as a perfect site to be used as a deepwater port by “US Geological Survey”. The potential of the Gawdar port remained unrecognized during different governments of Pakistan till 2001. In the year 2001, the construction of the initial phase of Gawadar was initiated.

General Pervaiz Musharraf inaugurated the first phase in the year 2007 with a net cost of $248 million.  However, even after the construction, the port remained under-utilized for a number of reasons including security concerns, lack of investment, and the failure of management of the government in transferring the land as per commitment to the operator of the port which was “Port of Singapore Authority

By the time Pakistan reached 2015, the government of Pakistan announced a patch up China to develop a mega project of CPEC (China Pakistan Economic Corridor) which was worth $46 billion. The project is believed to a part of China’s One Belt One Road program. “China’s Xi in Pakistan to cement huge infrastructure projects, submarine sales”. Gwadar is the backbone of the One Belt One Road project and about 1.153 billion dollars are said to be invested in the city as a part of the project CPEC (Wikipedia). The aim of this project is to link the Northern side of Pakistan with the Western side of China through the seaport.

The Origin

Just like other parts of Balochistan, the Gwadar city also had some ancient roots that are not clearly approached yet. However, the city shows inhibition linked with the bronze age of the settlement. According to the studies, for a period the city was under the regime of the Achaemenid Persian Empire. The history claims that this area was conquered by the founder of the Persian Empire known as “Cyrus the Great.”

During his journey back to home, the Alexander the Great stepped their feet in the areas which are now known to us as Balochistan. The then consisted of inhabited and Dry Mountains. After the collapse of Empire of Alexander the area ruled by Seleucus Nicator who was one of the generals of Alexander. Later during 303BCE, the region came under the rule of Mauryan after the Seleucus made peace with Emperor Chandragupta.

The Territory of Gwadar:

After a millennium, the Arab-Muslims invade the region and in next century there were the areas was ruled by different powers. While for the next two centuries, the area was ruled by local tribes of Balochistan.  From 1863 to 1879 the area of Gwadar remained to headquarter of the British Assistant Political agent and remained a Fortnightly port for British Indian Steamship Navigation Company. It also worked as the port for telegraph and post office. Later in the 1950s, the port was headed over to Pakistan.

Gwadar Port of Pakistan

Soon after the independence of Pakistan the Balochistan acceded to Pakistan and was allocated as a separate district. At that time Gwadar was not a part of Balochistan. Later in the year 1958, the Gwadar port and adjacent areas were handed over to Pakistan by Muscat. By then it was given the status of Tehsil of Balochistan. Later in the year 1977, the Makran District was upgraded and divided into two divisions named as district Turbat, Gwadar and Panjgur.

September 8, 1958, was that date when Pakistan purchased the Gwadar enclave from Oman for 5.5 billion PKR. The agreement signed stated two important clauses; the first one stated that Balochistan will offer an army recruitment platform for Oman as a result of which Balochis will establish a major part of Omani forces and secondly the resources of Gwadar will be developed in future.

In the year 1993, the Government of Pakistan conceived the plan to develop Gwadar as a major port city and connect it with a rail and highway network. Officially the construction of Gwadar started on March 2002 phase one of which was completed in March 2007.  The port was inaugurated on 20th of March the same year.

Developments in Gwadar:

From the year 2002 to 2007 Gwadar underwent some major developments. In 2002 the NHA (Pakistan National Highway Authority) started production of the 653 Km- long Makran Coastal Highway, this highway was meant to link Karachi with Gwadar via Ormara and Pansi moving on to linking it with all other highways in Pakistan. The project was completed in 2004. In the year 2003, the Gwadar Development Authority started planning and development of the Gwadar for which an authority with the name  “Industrial Estate Development of Gwadar” was formulated to deal with the industrial activities. The three currently functional multipurpose berths of the deep-sea-port have a capacity to handle carriers of 30,000 deadweight tonnage (DWT) ). The construction started in the year 2004. By the year 2006, the Gwadar Development Authority conceived established and adopted the 50-year plan for the City of Gwadar. Later in 2007, the Civil Aviation Authority of Pakistan acquired a huge area to construct a greenfield airport that was named as the New Gwadar International Airport (Wikipedia).

The Gwadar Port:

Since a long time, China has an interest in Gwadar Port. In 2013 the China Overseas Port Holdings Limited assimilated the Gwadar Port. The Gwadar port is very important for China as about 60% of the oil in China comes from the Persian Gulf. This oil is transported by the Ships that travel for about 16,000 KM in the time duration of 2 to 3 months. This journey is full of risks including; bad weather, pirates, or political rivals, along with many others. It is also risky for the only commercial port of China that is located in the Shanghai. Gwadar will help to reduce the risks and distance limiting it to 50000 Km and can also serve China around the year.

China has remained fully involved in designing the project. It has provided about 80% of the cost of constructing the port. More than 500 Chinese workers are working on the port, around the clock.

China is keenly focused on setting up the Gwadar port because they find at advantageous in terms of saving time and security of import and exports. In this regard, China has paid 360 million USD to Pakistan for the expansion and the up gradation of the import and export processing around the year. The transportation will be done by Karakoram Highway China to Pakistan. The Government of Pakistan is highly committed to providing a secure base to China in shape of Gwadar. This will help Pakistan to secure the Gwadar port and to strengthen the Pak-China relationship.

The Culture of Gwadar:

The location and history of Gwadar have given it a unique yet interesting blend of cultures. The Arabic influence on the city can clearly be seen because of the strong impact of Omani era as well as the closeness with the Arabian Peninsula. The legacy os Omani can also be witnessed in the local population of which you can trace the lineage to Afro-Arab and the Zanj Slaves. These people came and settled in the area in the Omani rules. You can also find some remains of building constructed in Omani era.

The Geographic Position of Gwadar in Relation to Oman

Topography:

Gwadar is located on the sandy and narrow strip, with a natural hammerhead-shaped point linked with a coastline of Makran.  The points of the port make two perfect yet naturally curved bays on each side of the point.

The North side of the city and the Gwadar Promontory is flat and barren.  The Koh-e-Mehndi (the white clay) is a prominent exception that is raised sharply from the plans to the Northern-East of Gwadar. Followed by the mega earthquake in 2013, a small island was formed which is located almost 2 KM off the Coast (Wikipedia).

The Population:

The population of the city has increased for about 85,000 as reported in the year 2014. Majority of the people living in Gwadar have their roots linked with the Balochistan.

The Climate of Gwadar:

Gwadar has extreme hot and deserted climate with very little precipitation and massive variations in winter and summer temperature. The ocean had a great influence on the temperature that is lower in summer and higher in winter. On average the temperature in June remains 31 to 31°C while in winters it fluctuates between 18 to 19°C. The uniformity of the temperature is distinctive of the Coastal Makran region.

Also, the wind moving down by the plateau of Balochistan give a cooling influence, otherwise the winter remains pleasant. Winters are shorter as compare to summer. The Gwadar is located out of the monsoon belt. For this reason, it occasionally receives the monsoon rains in the summer season. While in winters there is heavy rainfall due to Western Disturbance. On average the annual rainfall is about 3 inches.

Administration and Neighborhood of Gwadar

Gwadar serves as headquarter for Gwadar tehsil and Gwadr District. While the Gwadar tehsil is sub divided into 5 different union counsels on the basis of administration named; Gwadar Central, South Gwadar, North Gwadar, Pishukan, Sorbandar.

  •  The Gwadar Central in sub-divided into different parts named as; Gazrawan, Komagri, Mohallah Zahoor Shah, Sohrabi, Saleh Muhammad and Usmania.
  •  The South Gwadar is Divided into; Kamari, Mohallah Karim Bakhsh, Mohallah Shahdu Band, Mullah Band, Murad Bakhsh, Sarabi, Sheikh Umar and Tobagh.
  •  The North Gwadar is sub-divided into; Lal Baksh, Mohalla Baloch, Mohalla Mir Abdul Ghafoor and Mujahid.

The Strategic Value of Gwadar

The Gwadar port can help China to work with around the clock active port with security and time efficiency. It will also offer China an attending post to observe the Indian naval activities around the Gulf of Aden, the Persian Gulf, South Asia and Central Asia. It means that it will cover the following regions; Central Asian republics, Caspian Region, Iran and Afghanistan. Among all these Caspian Sea is the most potential region in terms of monetary approaches. At the same time, it offers vital positioning to the area geographically. Iran is one of those countries that are supporting the development of the Port of Gwadar.

Gwadar- The Free Zone

In the past, the economy of Gwadar has mostly remained dependent on fishing. However, with the passage of time and in recent times, the economy of Gwadar has undergone some major transformation resulting in the transformation is a small fishing village in the major Port city of Pakistan. It has helped in enhancing the communication links between all parts of Pakistan.  The 1400 Km Trans-Afghan Gas Pipeline also known as the TAP will be linked from Turkmenistan to Gwadar port. It is believed to be a comprehensive project that will boost the Natural gas dealers of Turkmen to reach the market of South Asia that will lead to many financial benefits for the region overall.

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China & The One Belt, One Road Initiative – What All You Need To Know?

One of the latest turning points of the global economy and the geopolitical landscape is the ‘Belt & Road Initiative’, which is being conducted by China. The One Belt and One Road initiative are being led by the Chinese government, with the sole purpose of improving economic and trade integration within Africa, Europe and Asia.

With the use of infrastructure projects and free-trade agreements, which include ports, railways and roads, the project aims to develop a modern Silk Road, which spans around 65 countries. Combining a GDP of US$21 trillion, the initiative involves a land belt through Europe and Asia; and connects the coastal Chinese cities to the Mediterranean and Africa with the help of a maritime road.

The Belt and Road Initiative is also known as the Silk Road Economic Belt and the 21st Century Maritime Silk Road. The project is a development strategy that is proposed by the Chinese government that is aimed at corporation and connectivity between the Eurasian countries. According to the Chinese government, the project is a chance to boost the regional connectivity and to embrace a better future. While on the other hand, the critics believe that it is meant to push China to have a larger role in global affairs with the China-centered trading network.

Read also: CPEC – How It Can Benefit Pakistan In Short & Long Term

What is the Proposed Plan?

According to the proposed OBOR plan, there are going to be two elements in this initiative, which include the 21st Century Maritime Silk and the Silk Road Economic Belt. The regional waters will be connected by the 21st Century Maritime Silk Road, while the Silk Road Economic Belt tends to connect the Persian Gulf and the Mediterranean through West Asia, China to Europe through Central Asia and the Indian Ocean with the help of South Asia.

Moreover, the OBOR is supposed to facilitate development for 6 main economic corridors, including, China-Mongolia-Russia, New Eurasian Land Bridge, Indochina-Peninsula, Bangladesh-China-India-Myanmar, China-Pakistan and China-Central Asia-Western Asia.

Objectives of OBOR:

The initiative aims to fulfill the following goals:

– Financial Segregation.

– Liberalizing the trade.

– Improving the coordination of policy across Asia.

– Enhancing connectivity involving people-to-people links.

Implementation of the Plan:

While China is underway with the project, signing bilateral cooperation agreements with countries like Mongolia, Hungry, Tajikistan, Turkey and Russia, more than 55 other countries have shown their interest in the project. Some projects with these countries are already in process, such as the train connection between Iran and Eastern China, which will expand to Europe.

China has also started constructing new rail-links with Thailand and Laos, and high-speed railway projects in collaboration with Indonesia. The Chinese Ningbo Shipping Exchange is collaborating with Baltic Exchange, in order to derive the index rates between the Middle East and China, along with Europe and the Mediterranean as well. Moreover, China has already raised around $40 billion for the project, while more than 200 enterprises have signed an agreement with China.

The Reasons behind OBOR (When and Why China Initiated the Idea):

The projected started back in 2013 when the Chinese President Xi Jinping endorsed the initiative with aims to improve global cooperation in terms of economy. The plan aims towards regulating China’s own economy, and enhancing the economic relationships while generating in-house and foreign capital.

Some people believed that this project will turn China into a regional power, but regardless to Xi’s insistence, the country was not allowed to interfere in other nation’s matters, in order to maintain the integrity of The Marshall Plan; which was made by the US to rebuild Europe after World War 2. On top of this, it also important in terms of China’s capability to accomplish energy security.

Read also: An Essential Guide To Real Estate Investment In Gwadar

Financial Backup for OBOR:

In 2014, the Silk Road Fund was built by China in US$40 billion, which would fund the infrastructure for the project, as well as the 6 economic corridors with countries. The overhead charges would be funded by the China-backed global bank which was launched in 2014, the New Development Bank (NDB), the Asian Infrastructure Investment Bank (AIIB) and the Shanghai-based bank for countries like Brazil, India, China and Russia.

Influence on the US & It’s Allies:

Although the OBOR is said to be a stepping stone towards global economic cooperation, the expansion of this project is alarming for the US. This initiative not only improves China’s economic standing but also competes with trade agreements, which did not include China, such as Trans-Pacific Partnership, which was introduced by the current American President Donald Trump. As the US and Japan both are not a part of AIIB, their representatives are not going to attend the summit as well.

How Russia and Europe Perceive ‘The Silk Road’?

There are a number of European countries who have welcomed this initiative by China, as they hope that this will lead to Chinese development and investment in their country, but there are certain nations which are still hesitant; as they are alarmed by the growing motivations and influence of the Chinese capital Beijing. Countries like Britain have shown an interest to be a part of AIIB, regardless of knowing about the exclusion of their ally, US.

However, in context to the Brexit Europe, it is hard to tell how the perceptions of different countries will surface about the OBOR. On the other hand, OBOR tends to benefit the Sino-Russian collaboration and is aimed towards bringing the two countries closer in terms of their ties – with the help of joint projects and investments. On top of that, the OBOR also relies on Russian contribution, keeping in mind their historical influence over the Central Asian region, being economically dependent.

 

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Why You Must Visit Gwadar: Reasons That You Would Not Like To Miss Out

A place which was not known to many in the recent past suddenly has now become an apple of everybody’s eye. Here we are talking about the next big thing, Gwadar. Gwadar is a port city located on the shores of the Arabian Sea, on the South-Western coast of Baluchistan, Pakistan. The city is in the news lately because of its immense trade potential. Gradually, Gwadar will evolve to become an important International transit point, connecting South Asia with Persian Gulf, Middle East, Central Asia and North-East Asia.

Gwadar, a major destination in the China–Pakistan Economic Corridor is soon going to emerge as an international city. It is planned to become a free trade port city. Gwadar – the lavish beauty on Earth offering the most eloquently beautiful landscape, blue sky, Arabian Sea and stern, golden mountains.  Let’s find out what has made it of so much importance. Here are few of the major reasons that would convince you to visit Gwadar, for at least once.

Natural Port:

Gwadar has a naturally gifted port. It is the third deep-sea port in Pakistan after Karachi Port and Port Qasim. It lies just 624 nautical km to the east of Strait of Hormuz, which is an important route of oil tankers bound for Japan and western countries out of Persian Gulf. Gwadar port would interface three locations, which are South Asia, Middle East, and Central Asia. One must visit there to see the naturally constructed port.

Trade Route:

CPEC is playing the vital role in the development of Gwadar. The construction of a deep sea port is just one component of the Greater Gwadar Plan. Under this plan, which will be carried out by Gwadar Development Authority, in addition to Gwadar port, a network of roads, connecting Gwadar with Karachi, Pasni, Ormara, and Turbat will be constructed in four phases. A noteworthy piece of its work project is centered on the most optimized plan of roads development, another framework, and building. You can see the trade route and the work being carried out for the economic corridor by your own eyes while visiting the city. ECO highway, Coastal Highway and other mega projects in road sectors will connect Gwadar free port with the Central Asian States, Gulf States, China and rest of the country.

Tourist Place:

The city, which was once a deserted place, is now frequently visited by foreigners, tourists, and Pakistani government officials. Not only that, tour companies have now started producing affordable Gwadar tour packages for the region, making Balochistan a lively place as it once was. Cool. Isn’t it?

It is going to be a tourist attraction soon because of its natural beauty, beautifully constructed coastal highway, clean blue water beaches, etc.
Still not finding it catchy? Let us now tell you about few of the destinations that might be of some interest to you:

Beaches: Gwadar has a 600km long coastal belt with beaches and bays. The beauty of green waters and the mind-blowing view of the sunset at the beach would leave you breathless and you would think as if you are in paradise. It is a perfect place to spend time with friends like beach parties, etc.

Hammerhead: Resembling the shape of the hammerhead shark, this mass of rock was created by the mud volcano that erupted.  Hammerhead provides a spectacular view of the Arabian Sea on its southern side and a breathtaking view of the Gwadar city on its north.

Princess of Hope: There is also a 740-year-old wonder, ‘Princess of Hope’ along the coastal highway. Located in the largest national park of Pakistan, princess of hope is another one of the major tourist attractions.

The Sphinx: Ever wondered how it would feel to see the wondrous sphinx in Egypt, up front and not in pictures? Gwadar has its own naturally carved sphinx, located on the top of the range; it exactly resembles the man-made sculpture. Its beauty and wonder have brought about many visitors from all over.

Buzzi Pass: Main reason to travel to Gwadar, is known to be the Buzzi pass itself. It presents us with the most spectacular scenery on each side. Fact about Buzzi Pass that is known to be famous is that Alexander the great passed by here and on tis pass, he lost many of his legions.

Desert: Passing by the Hingol river bridge, is the coastal semi-dessert that offers the locals and tourists a chance at desert safari on its sand dunes. It is yet again one of the reasons why the tourist gathering at Gwadar has increased.

Baba Chandrakup: Also known as Mud Volcano is a holy place for Hindus. Initially, the area covered by the mud volcanoes, there are now only a few left, one of them being Baba Chandrakup. While the volcanoes are supposed to spit out scorching rocks or magma, this mud volcano spits out COLD mud.

Astola Island: Also known as the “island of the seven hills”, it is famous to support a large breeding water birds and creatures. The highest point of the island is 246 feet above the sea level, providing a beautiful view of the Arabian Sea.

Investment Opportunities:

Everyone wants to double his money. Well, let us amaze you by telling you the fact that the land of Gwadar, which was previously considered to be inexpensive, is not a piece of cake to acquire now. People who had invested in the region have earned 500 times more! Yes, 500 times of the price of the property which they had invested in. This was one example out of several good opportunities still available. It’s never too late as the potential of growth is still there and is rising by the passage of time, so one can grab the opportunity and take a good decision to invest in Gwadar, be it for his business or any other reason. Visit the place and take a wise decision if you are thinking to invest in your future.

Job Opportunities:

Once a small fishing town along the Makran Coast, Gwadar is now set to have become a mega seaport city. The Gwadar port is expected to generate billions of dollars in revenues and create at least two million jobs. This will help in decreasing the unemployment ratio while having an increase in Pakistan’s GDP. It is expected that industries would be built along with CPEC route and big companies would also operate their business in the upcoming mega city which is good news for job seekers.

Not only this, there are some other interesting reasons that would attract you. To find out more about the beautiful city, now we think that you must be planning to visit Gwadar.

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The Beauty of Gwadar- breathtaking places

For decades, the Northern Areas of Pakistan are considered to be the beauty hub of Pakistan and the tourist attraction. But the last decade introduced us to the beauty of south. The small towns like Gwadar, Gorakh, Thatta, and others have seen quite a revamp by the government and private bodies. With the increase in discussion about Gwadar and its scenic views, the tourists have started to experience it for real.

Are you looking for an adventure-packed retreat to the most picturesque place of Pakistan? Here are some of the major highlights of Gwadar for your next travel and your plan to stay.

Gwadar Port

The port is famous for its economic significance due to CPEC and its strategic location connecting all the Asian countries. This port connects the Middle Eastern countries, Central Asian countries and Pakistan at one point which works wonders for our country.

The place is famous for the deep clear water sea and the view from the top. You will find its serenity soothing and unexpected.

Buzzi Pass

Fundamental motivation to go to Gwadar is known to be the Buzzi pass itself. It presents us with the most awesome landscape on every side, one can basically not help hold their breath in ponder and amazement. Certainty about Buzzi Pass that is known to be acclaimed is that Alexander the considerable go by here and on tis pass, he lost a large portion of his armies.

Desert

If you have ever wondered how it would be to sleep on the desert sand, Gwadar will give you a chance to experience a big, steamy desert.

Astola Island

Otherwise called the “island of the seven slopes”, it is situated in the Pasni ‘area of Gwadar. The island extends 6.7 km and profundity of 2.3, the most elevated point if the island is 246 ft. over the ocean level. It gives an excellent perspective of the Arabian Sea, keeping up a fairly endemic living style because of its separated area.

It is known to bolster a vast rearing waterfowls and animals yet need in any kind of greenery. There is no wellspring of crisp water and all the rural exercises rely on upon the incidental precipitation.

One really want to visit these territories in view of magnificence and the chances of adventurous outdoors, scuba jumping and angling.

Hammerhead

Taking after the state of the hammerhead whale, this mass of shake was made by the mud spring of gushing lava that ejected. The dominant part of the stones in the Gwadar area was made through the ejection of these springs of gushing lava. Hammerhead gives a tremendous perspective of the Arabian Sea on its southern side and a stunning perspective of the Gwadar city on its north.

The Sphinx

Gwadar has its own particular normally cut sphinx, situated on the highest point of the range, it precisely looks like the man-made model. Its magnificence and ponder has achieved numerous guests from everywhere.

So plan a special expedition to Gwadar, sightseeing the beautiful places and enjoying the wilderness!

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GWADAR – Shrine to Investments

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Why to invest in Gwadar?

Since years, Gwadar had been a crucial subject in the news and politics. Investment gurus, politicians and analysts have been in serious discussions on whether Gwadar deserves all the attention. Though China was always an ally in the Gwadar project and the project itself seems a game changer for Pakistan, there were many who were not in favor.

After all the noticeable efforts by the government and the investors, Gwadar project took a major step in 2016. The Gwadar port was inaugurated and so the investment opportunities were set free for domestic and commercial purposes.

Gwadar, apart from its scenic and breathtaking views, is a great investment opportunity for individual investors domestically or commercially. The strategic importance Gwadar port holds, is not hidden from us. Here is why one should consider investing in this growing project:

Employment Opportunities

With development of motorways, the labor employment opportunities are already on rise. Once the development, constructions and transportation starts, the employment figure of Gwadar will rise. Gwadar port can be a major turning point for the economy of Pakistan as it would add thousands of jobs to the arena. It is believed to assist in settling the issues of poverty and terrorism. It will put a deadlock to unemployment in the region.

Tax Breaks to Investors

The foreign investors enjoyed a tax break of 23-year on all the investments in Gwadar. This was to encourage the foreigners to invest in the project. Now that Gwadar is all set to start and the investments from abroad are flourishing, the government of Balochistan is now awarding this opportunity to the locals as well.

The government has agreed to provide tax breaks to domestic investors in the industrial estate.

“Balochistan’s Chief Minister has assured us that he will declare it {the industrial estate) a free zone,” Waqas A Lasi, GM Finance of the Gwadar Industrial Estate Development Authority (GIEDA), said while briefing a group of journalists from Karachi.

These tax breaks will encourage the domestic investors to look forward towards the development of Gwadar and Pakistan and be part of the change. The more domestic investors will invest in Gwadar, the more economy will remain inside the country.

Gwadar Industrial Parks

With increase in the number of investments in Gwadar, the Government of Balochistan is working on the development of an industrial estate. The objective of the estate is to meet the demands of the industrials plots in the city. With the establishment of the city and the motor highways, the potential for the industrial development will increase. The estate will help those industries to set up.

The industrial parks are being developed for the small and medium size enterprises and not for the large-scale industries. These parks will provide access to common man to set up small industries in the place. The areas of business on which these industrial parks wish to focus are import and export, transportation, shipping, clearing and forwarding, textile and leather garments, building materials, construction, warehousing, repacking and shipment and others.

Gwadar Industrial Estate Development Authority (GIEDA) is the government body which is working on the development of the industrial parks.

The benefits to invest in Gwadar are immense, one just need to be clear on how to buy properties in Gwadar. Be part of a big change!

 

 

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Development in Gwadar in 2016

2016 was a remarkable time-period for Gwadar with amazing developments witnessed in the project. These advancements have altered the perception of all those who earlier were skeptical about the success of the project.

Chinese media reported that 16 early gather ventures, including a few power stations, roadways and ventures identified with Gwadar Port, are under development. A huge number of new occupations have been arisen for the neighborhood individuals.

A month ago, an exchange caravan sorted out by the two nations effectively went through the western piece of Pakistan surprisingly from the North toward the South.  The project is demonstrating the network of neighborhood streets and the acknowledgment of the idea of one passageway with numerous sections under the CPEC.

Saeed Chaudhry, director of the Islamabad Council for International Affairs mentioned, “Since the commencement of the CPEC, 2016 is the year when we have seen a project completed or start working. In addition to the Gwadar Port operations, PM Nawaz has also inaugurated several others projects in the country, especially in some routes in the western part of the CPEC. There are at least 39 projects, most them related to energy, where obvious progress has been seen during 2016”

Bilal Khan, a senior market analyst at Standard Chartered Bank, Pakistan stated that  the upgraded framework, for example, streets and railroads brought by the CPEC, the (GDP) development ought to increment from around 4.7 percent a year ago to around 6 percent by 2019, and remain around a similar level for 2020 in the nation. The CPEC will attract several foreign and domestic investors in both private and public sectors.

“The CPEC itself, for Pakistan at a bare minimum, offers a significant opportunity for the country to address its supply-side constraints, such as weak foreign capital inflow,”

“Before the CPEC, Pakistan’s economy was feeble and stagnant, and investors, even ones from Pakistan were reluctant to invest, but now the economic indicators of Pakistan have turned positive, investors from around the world are flocking to Pakistan, and the country’s economy has been given new life and is booming and full of future prospects.

Pakistan’s main issue is shortage of revenue and unemployment, but the CPEC will provide solutions for the both”

Towards the end of 2016, the Russian government coordinated with Pakistan in the farming and vitality divisions as broad chances of respective exchange exist between the two nations.

Talking amid a visit to the Bahawalpur Chamber of Commerce and Industry, Dedov said around 50 Russian organizations were enthusiastic to invest their resources in Pakistan.

He called attention to that Pak-Russia business discussion gatherings. It has geared up the exchange exercises. Pakistani and Russian businesspeople now could venture up business exercises on both sides.

With all those developments in the Gwadar project in 2016, the New Year 2017 seems to be a very promising year. The property prices for Gwadar has been increasing as investors realized the development arena of Gwadar. We soon will witness notable developments in Baluchistan and a significant boost in the economy of Pakistan.

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