ISLAMABAD – The federal government has decided to divert 50 percent of public sector imports to Gwadar Port, which is located in Balochistan province of Pakistan, with the support of Special Investment Facilitation Council.
After Prime Minister Shehbaz Sharif’s recent visit to China, it was decided that the Ministry of Maritime Affairs will forward a summary to the cabinet regarding shifting of imports to Gwadar.
Gwadar Port is a key component of the China Pakistan Economic Corridor (CPEC), which provides an important trade route between China, the Middle East, Africa, and Europe.
The Port can currently accommodate two large ships and by 2045 it will be able to accommodate one hundred and fifty ships. The development of the port will create employment opportunities by increasing regional connectivity as well as help in attracting foreign investment.
