The small port town of Gwadar, in the south-west of Pakistan, is part of the $50 billion China-Pakistan Economic Corridor (CPEC) initiative, part of the Belt and Road Initiative in Pakistan. Under CPEC, Gwadar is to become a genius port city and will be a big business port as well as a developed urban hub in its own right.
Pakistan’s Prime Minister Imran Khan has vowed to complete the ambitious China-Pakistan Economic Corridor (CPEC) at “any expense” as the $60 billion initiative is a sign of mutual cooperation between the two countries. In view of Pakistan’s socio-economic growth, the Corridor Project is considered an excellent and immaculate project.
“The corridor is a symbol of cooperation between Pakistan and China, and the government will complete it at any cost and deliver its fruit to every Pakistani,” said Imran Khan, and Gwadar is at the core of his success.
The Gwadar port of Pakistan is a guarantor of future growth, development and prosperity and is the prime government priority of the Prime Minister, who personally guides it to ensure early completion. Expediting the activities of the Ministry of Maritime Affairs, the Prime Minister said that inter-ministerial coordination and frequent consultation and policies with all stakeholders will enable the rapid implementation of all ongoing and future projects under the Ministry domain. He also added that, in addition to setting clear goals for the execution of these projects, their construction deadlines should also be fixed.
Prime Minister Khan instructed the Ministry of Maritime Affairs to prioritize primarily the projects that would generate additional job opportunities, regional growth and maximum income.
At a review meeting with the Ministry of Maritime Affairs, the delegates were informed that the Afghan transit trade in the port of Gwadar was well underway and execution.
Minister for Maritime Affairs, Syed Ali Haider Zaidi, briefed the participants on the numerous steps taken in spite of problems inherited from the Ministry in the last 22 months. The introduction of the emerging “Blue Economy” (benefits of an ocean-based economy) was also implemented and information on its enormous potential was highlighted.
Seeing the potential of the Blue Economy, the Government of Khan is accelerating the implementation of the Roadmap for the growth of this sector, which will create opportunities not only for investment but also for education, tourism and clean renewable energy.
The China-Pakistan Economic Corridor (CPEC) is more than just an investment of $47 billion. Not …