Saturday, February 15, 2014

Gwadar Port: Pakistan, China all set to develop master plan – The Express Tribune



"Officials of the two countries will take up the matter during talks in Beijing on February 17, where Pakistan’s team will be led by Planning and Development Minister Ahsan Iqbal, officials say.
As part of the economic corridor that will turn Pakistan into a hub of regional cooperation, Gwadar Port will be connected through road, rail and fibre links to China to help enhance trade between the two countries.
Oil and gas pipelines are also part of the economic corridor over the long run, which is expected to provide a much-needed boost to economic activities in insurgency-hit Balochistan, according to the officials.
Under the short-term plan, Islamabad and Beijing want to develop Gwadar Port, whose control had already been given to China, in a bid to attract investment in different sectors to make it a hub of economic activities. Under this plan, an oil city will be set up at the port to meet fuel needs."






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