Economic importance of gwadar port. Short Takes: Benefits of Gwadar Port 2019-01-05

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Strategic Importance of Gwadar Port for Pakistan

economic importance of gwadar port

These facilities are fully established and opened to users. Along with the Gwadar port, the building up of Gwadar city, Gwadar power generation plants and Gwadar International Airport are the proposed projects under development. A separate allocation of one billion rupees was made in the budget for the fiscal year 2004-2005 for the construction of the export zone and Gwadar industrial city. Export of minerals and live stock. In 1992, Gwadar fish harbor reached its completion. At that time Nearchos, the admiral of Alexander, sailed along the coast and mentioned places named Kalmat, Gwadar, Pishukan and Chahbar. In this Pakistan and Uzbekistan have agreed to enter into a trilateral transit trade agreement with Afghanistan to benefit from the Gwadar port facility and land routes.

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Importance of Gwadar Port

economic importance of gwadar port

Also, alternatively, it would have to secure the services of a refinery in Surchasma copper plant in neighbouring Iran, which is also expensive. After lifting of economic sanctions on Iran, India is keener to work on Chahbahar as it considers Gwadar port as part of Strings of Pearl strategy aimed to encircle India. A deep sea water port which is being advocated would provide cargo handling capacity of 100,000 tons or even more. Capital gains will be exempted from tax for 5 years. China is an example whose western part is thousand kilometers away from its Eastern seaports.

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Importance of Gwadar Port for Pakistan : elexicons.com

economic importance of gwadar port

South Asia, West Asia and Central Asia is in a position to bridge this gap by providing the shortest possible route for the transportation of this energy. Other developed nations are using these ports to increase their exports and are earning substantial foreign exchange. On 1st July 1970, when one unit was dissolved and Balochistan gained the status of a province, Makran became one of its 8 districts. In 1992, Gwadar fish harbor reached its completion. It is located at cross junction of international sea shipping and oil trade routes.

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Strategic Importance of Gwadar Port

economic importance of gwadar port

Its economy, however, is undergoing rapid transformation as a small fishing village is being transformed into a major port city of Pakistan with improved communication links with the rest of Pakistan. Apart from all these factors, China can effectively use this port to improve its trade with Central Asia, Middle East and Africa, as Gwadar would provide an With all these considerations in mind, it seems that the Chinese policy makers look set to use Gwadar as an integral part of their Go-West policy Malik 2012. It will look the positive and negative aspects of the projects by taking the local resident into consideration. Indian experts have already shown their concern on this issue; any conflict in the Gulf region in the past has had a negative impact on the supply and price of oil from the Gulf. Due to incoming industries and a new top-notch community, Gwadar is going to become one of the most strategic and wealthiest cities in South Asia. It is about 120 kilometres 75 mi southwest of , while the sister port city of in 's is about 170 kilometres 110 mi to the west of Gwadar. Establishment of railway link with Gwadar to Taftan in Iran via Saindak is being planned.


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Gwadar & Chabahar: Military, economic significance of 2 rival ports

economic importance of gwadar port

For this purpose the railways will have to lay a new track over hundreds of kilometres. The 800 foot wide isthmus upon which Gwadar is located separates the two almost perfect semicircular bays from one another. It could similarly provide an alternative transit route to East and West Asian consumers if the Strait of Malacca chokepoint ever became constricted. Conclusion Once fully operational, Gwadar Port will become an important source of regional connectivity. Before expecting the desired results the roads and highways will have to develop, built and improved for the safe and speedy transportation of man and cargo. Only the time will tell how Iran responds in scenario of conflict.

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The economic and strategic importance of Gwader port

economic importance of gwadar port

On 22 March 2002, the Government of Pakistan began construction of , a modern deep-sea port, Phase I of which was completed in March 2007. Its people are already reaping the benefit of the Coastal Highway, although a small portion of it was destroyed in the recent flash floods and torrential rains. This most significant project moved successfully during the year and heading wards its completion. Because everyone is following its hot pursuits similarly the government of Pakistan must look for the safe heaven for the expected rainy days in the future. Gulf countries in particular, have capitalized on it by constructing major commercial centers with bulk port facilities.

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Gwadar & Chabahar: Military, economic significance of 2 rival ports

economic importance of gwadar port

These funds will allow construction of roads and railways, linking the coastal region with rest of the Pakistan, Iran and Afghanistan and will also, facilitate cultivation of vast regions and exploration of natural resources. This will start simultaneously and will be completed by the time the port is built in three years time. Dubai Port World has always dominated the trade in Persian Gulf and has been controlling the energy transportation through its ports. The civilisations have always developed along the waters. .

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Gwadar Port City Projects

economic importance of gwadar port

It is a double-circuit line, ensuring a round-the-clock electricity supply. They were informed that new police stations and police posts would be established, and all necessary facilities will be provided to them. It is believed to have been by the founder of the Persian Empire,. Investment Opportunities Some of the evident investment opportunities:- Master Plan related infrastructure i. Tier-1 cities such as Karachi and Lahore are seeing massive population migrations moving into cities from outside, rural areas. Feasibility and engineering studies to connect China with Gwadar through a pipeline and track have already begun.


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Significance of Gwadar Port : Islamabad Policy Research Institute

economic importance of gwadar port

The other incentives announced by Govt are summarized as under: Positive approach towards private sector involvement. She is an Urdu columnist at Jehan-e-Pakistan. In many previous statements, articles and columns on 'Gwadar, Balochistan' and 'Coast of Mekran', I had pointed out that there could be a mad rush of investors, traders, industrial contractors, shipping companies and even local businessmen and industrialists for economic activities in diversified fields. As compared to this, Gawadar port is only on a distance of 2500 km from China and the port is working for the whole year because of the hot waters here. The government of Pakistan has realized the necessity of a seaport at Gwadar, a city situated at the Southwest coast of Balochistan, and measures have been taken for the construction of this port and allied projects. The first Afghan war 1838-39 directed attention of the British to the area.

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Gwadar Port City Projects

economic importance of gwadar port

In this Pakistan and Uzbekistan have agreed to enter into a trilateral transit trade agreement with Afghanistan to benefit from the Gwadar port facility and land routes. The Gwadar deep sea port project started in June 2002 with the help of China. The operational rights of Gwadar port in firs t instance were given to Port of Singapore Authority but later the agreement was transferred to Chinese state owned company, China Overseas Ports Holding Company Limited on Jan 30, 2013. The provincial government has constituted the Gwadar Development Authority and appointed Mir Ahmed Bakhsh Lehri as its director general. The legacy of the Omanis is observed in some of the local population who can trace their lineage to and slaves, who settled in the town during Omani rule. Gwadar property is one of the most under-valued assets in the country compared to the rest of the cities. Over 5,500 police personnel would be recruited in the Police force, who would be provided training at the Police Training School to be established in Gwadar under the plan.


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