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Posted by admin in CPEC, GDA, GwadarAuthorityDevelopment, Recent Development and construction in Gwadar on January 14th, 2020
GWADAR: Afghan Transit Trade has been started from Gwadar Port with a ship with cargo for Afghanistan anchored at the port, quoting sources ARY News reported on Tuesday.
The ship carrying the first consignment of fertilizer for Afghanistan reached the port, Gwadar port sources said.
CPECB Member Pak Afghan Cargo Services LTD – Member of CPECB has initiated First Containerize Shipment of Afghan Transit Trade from Gwadar Port. Its the start of Game Changer – Long waited.
Read more: 5 Reasons You Should Invest In Naval Anchorage Gwadar
“The bulk cargoes imported at the Port for onward transit to Afghanistan will be transported in containers after stuffing/loading the same into containers of international specifications,” the notification issued by the Ministry of Commerce said.
Afghan traders will have the facility of transshipment and transit through the port that will give a boost to their trade activities and quick clearance of their goods.
Posted by admin in CPEC, Recent Development and construction in Gwadar on June 27th, 2018
Gwadar Port in Pakistan and the CPEC are equally attractive and interesting idea for foreign as well as local investors. The government of Pakistan has also set up a tax-free industrial zone for the International standard areas in Gwadar. Expected is that the Government will offer more concession to the foreign investors in the coming times. On the other had investors from different parts of the world are showing their interest in Gwadar. The investors specifically from Afghanistan, Central Asia, South Korea, China, Singapore and Japan are showing their interest in the establishment of Industrial Estate in Gwadar.
The Gwadar is set to transform the small coastal town into a multicultural port city. For all the said reasons the property investment is Gwadar is coming up as a profitable investment. The real estate buying and selling are at its peak and the real-estate investors, the businessmen and companies are showing interest in the area. The Gwadar is focused on the upcoming real estate projects in Gwadar and is looking forward to boosting the sale and purchase of land in coming time.
The rich investors are interested in buying industrial plots as well as residential plots, around the city. Both types of lands are offered with different schemes and packages. The fully operational Port of Gwadar is believed to boost the industrialization process in the region and is said to bring a lot of benefits to the world. With a fully functional zone, Gwadar is believed to be an industrial zone that will have a major influence on the economy of the world by facilitating the trade and industrial activities.
The government of Pakistan has planned to establish and promote the industrial zone and opening the major banks’ franchises to facilitate the loan and other financial services to the interested investors.
Gwadar has come up with the planned industries and will offer the following facilities to the investors:
• Small manufacturing zones
• Major electronic fabrication and assembly setups
• Wood and metal fabrication and assembly
• PVC housing & extrusion and Re-packaging
• Fish processing & canning and Life engineering
• Textile & garments and Food & flour mills
• Refrigeration & cold storages.
For the said promotion of the Gwadar Port, there are many other planned activities that are in the pipeline. These include; commercial plots, housing schemes, sports services and many others. The master plan of Gwadar includes setting factories that will be offering services to the future manufacturing and other plants that will settle in the area. While on the other hand a wide range of housing schemes are designed for both low and high-income groups that will be linked with the Gwadar Port City.
Another prominent feature is the Free Trade Zone and the Export Processing Zone that is said to have a huge potential for investment as well as the development of small, medium as well as large scale industries. These industries are believed to be generating revenue for themselves and the government with a huge profit margin and employment for people in Pakistan.
The Gwadar Port and CPEC are expected to bring a new era of industrial level development in Balochistan as the province has massive industrial potential including fisheries, livestock, minerals and agriculture. By exploiting these key sources of the providence we can generate a massive amount of industrial benefits for the country and the region.
New Gwadar International Airport: An uninterrupted transportation and convenient business communication is the core reason for initiating the idea of CPEC. With such an intention, the Gwadar is also meant to facilitate the residents with easy travelling. For this reason, the bus and train routes and the national and International air travelling routes is something a must for the project. For this reason, the Gwadar project is facilitated with a comprehensive International Airport. The Gwadar International Airport Project was inaugurated in April 2018. It is believed to be the largest Airport in Pakistan that acquires an area of 3700 acres. The project has already acquired financial clearance and the project is obtained by a Chinese company that will be executing the idea. Once completed the airport is believed to become a hub for international trading activities in Pakistan.
Oil City in Gwadar: Pakistan is rich with natural resources and is believed to offer more such surprises in future as well. Just like the amazing potential of the Gwadar Port City along with the CPEC idea the area will offer a number of other opportunities to the world. Along with many other developments the Government of Pakistan has decided to construct a mega oil city on the Gwadar. This city is believed to acquire 80,000 acres of land. The mega oil city will be used to transport oil to China. This transported oil will be bought from the gulf. This mega oil city will help you reduce to half; the travelling distance, cost and time from the Gulf to China. The Gwadar port city is purposed to store oil for its further transfer to China, via Pakistan. With this route, the oil will be transported to China in time to 7 working days. This project will also be executed by a Chinese company that has already started working on it since August 14, 2018.
The Fiber Optic Project: This is an under-construction project of 820 Kilometers that is laid from China-Pakistan Border to Khunjerab and Rawalpindi. The project was initiated back in 2016 in the city of Gilgit and is expected to be completed by the end of 2018. This line will connect the Transit Europe-Asia Terrestrial Cable Network with Pakistan. The project is currently transmitting the internet traffic through four undersea fibre optic cables. The project is financed by Exim Bank of China (source: Wikipedia).
Railway Network Project: As the CPEC places an emphasis on the up graduating of Pakistan transportation infrastructure including building the main line between Karachi and Peshawar supporting the transportation structure of Pakistan. The railway provides direct access to Chinese and East Asian goods of Pakistan’s seaports at Gwadar and Karachi by 2030.
Posted by admin in CPEC, Gwadar News, Recent Development and construction in Gwadar on June 7th, 2018
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.
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.
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.
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.
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).
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 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.
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.
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 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.
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.
Posted by admin in CPEC, Gwadar News, Property News, Recent Development and construction in Gwadar on March 15th, 2018
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.
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.
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.
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.
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.
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.
Posted by admin in Gwadar News, Naval Anchorage, Recent Development and construction in Gwadar on March 4th, 2018
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.
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.
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.
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.
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.
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.
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!
Posted by admin in CPEC, Gwadar News, Investments, Naval Anchorage, Recent Development and construction in Gwadar on December 20th, 2017
Individuals beforehand totally neglected Gwadar land as a potential investment choice. However, the conditions have changed and the port city is presently the place with the most elevated venture potential. Named as a financial tax-exempt zone, the city is flourishing with business openings, employment opportunities and recently raised foundation. It is currently the home to probably the most eminent and prosperous worldwide organizations on the planet.
With such a large number of venture alternatives in the market and various components to consider, financial specialists are discovering the choice with the most noteworthy incentive for cash. Real estate investments have seen a boost in the last decade. The investments in the stocks and bonds still are on the higher side in Pakistan. Around the world, real estate is considered to be a sound investment, this trend will soon flourish in Pakistan as well.
With Gwadar coming into place, the real estate investment will flourish along with the economic and political advantages we see for it. Here are a couple of reasons that Gwadar ought to be considered as a sound investment:
The majority of the private and business extends in the city are recently built and gloat contemporary measures. Also, as the city is newly picking up force, it has far to go before it achieves immersion point.
Some critical business extends in the city incorporate Burj Al Gwadar, World Trade Tower, Gwadar Heights, and Gwadar Business Square. The city likewise contains private social orders, for example, UP.Rise Waterfront, Golden Palms, New Town, and others.
Gwadar is creating at a quick pace. Various crisp private and business ventures, essentially enhancing the way of life for occupants in the area. As the port city turns out to be more developed, the estimation of a property is likewise duplicating ten times with request, meaning huge speculation potential in the locale.
Advancement is probably going to proceed at the speed it is right now winning at, implying that financial specialists shouldn’t expect stagnation in the market at any point in the near future.
To increase the investments in the market, the government has given tax-free business opportunities and investments to the investors. In any case, as property in the territory is as of now not as costly as property in bigger urban communities, the effect of the recently forced property charges upon the realty segment is altogether not as much as that in different urban communities in the nation. Gwadar is currently sparkling with the most venture potential in the nation.
Being a speculation safe house and the brightest star in the nation, Gwadar is the best decision for the individuals who need to harvest prompt and fast returns!
Posted by admin in CPEC, Gwadar News, Recent Development and construction in Gwadar on March 5th, 2017
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.
