Exclusive Gwadar Port Pakistan Special Report 2016 – Must Watch
Gwadar port, a main component of China-Pakistan Economic Corridor (CPEC) and link it with China and Central Asia on priority with involving professionals. “In One Belt, One Road, the main component is CPEC, CPEC’s heart is Gwadar and Gwadar’s main component is the Port,
The Gwadar Port after coming into stream will start handle the 300-400 million tons of load of goods to be traded annually playing as a catalyst in stimulating the economy of country which is slowly growing 2-3.5 per cent for many years, reveals a Chinese report.
The port is currently handling half a million tons of load that will surge up to one million next year.
According to eminent economist of the country Dr Ashfaque Hasan Khan, Principal and Dean of School of Economics, NUST, Islamabad while mentioning the salient features of Chinese report here in a National Conference on CPEC: Marco and Mirco Economic Dividends held here on Tuesday told that the Gwadar port will alone on its completion start handling the 300-400 million tones of load of goods whereas all the ports of India have the current combined capacity of handling 500 million tones of goods a year.
The CEPEC project with Gwadar port will handle the big economies of $4-5 trillion of western part of China, Pakistan’s $300 billion economy along with a bunch of economies of CAS (Central Asian States) and under this scenario CPEC corridor will be termed as international economic corridor meaning by that Pakistan will be part of the international economic activities. And in case Iran which has manifested its interest to become part of CPEC even in the presence of its own Chabahar Port, then this project will become a part of not only economic integration of regional but international economies.
