Skip to main content

Gwadar: an opportunity for the region

https://dailytimes.com.pk/227724/gwadar-an-opportunity-for-the-region/

Gwadar: an opportunity for the region

The entire South Asian region can benefit from CPEC's success story

Hassnain Javed

APRIL 14, 2018

Gwadar is a port city on the southwestern coast of Pakistan’s largest province, Baluchistan. The Gwadar port is expected to revolutionize the economic, socio-economic, financial and strategic landscape of Pakistan in its entirety. After the completion of the port, Middle East, Central Asia and South Asia are all expected to be connected economically. Once developed, this port is going to serve as a financial hub for the entire region, beginning a new era of prosperity in Pakistan.

Gwadar’s strategic location has already attracted investors’ attention with China taking the lead in the development of the entire port project via CPEC induced investments. In 2013, the port was handed over to the China Overseas Ports Holding Company. China has taken the initiative to develop the port as part of the China Pakistan Economic Corridor (CPEC) which is part of the China’s One Belt, One Road global infrastructure project.

The geostrategic location of Gwadar offers a unique status to Pakistan as it also provides access to the Central Asian region. Moreover, geographical proximity of Gwadar port has a special significance when it comes to the GCC countries. Gwadar’s close distance with Muscat port (almost 385 km) only validates its strategic importance further as it offers an alternative trade route to the world. A number of GCC states have shown interest when it comes to the development of the Gwadar district. Recently, a major water filtration plant was inaugurated in Gwadar with the help of GCC states which show that the latter is not only interested in ensuring that the region develops but also recognizes its emerging strategic significance.

“The expected extension of CPEC has a potential to revive Afghanistan and Pakistan’s fragile economics, and can ultimately prove to be an effective weapon against forces that benefit from the economic underdevelopment of this region”


As the government in Pakistan has said a number of times that opportunities being created under the CPEC are not only going to benefit Pakistan. The entire region can benefit from this success story. CPEC promises to begin a new era of prosperity not only for Pakistan but for the entire region. South Asia, Pakistan and Afghanistan, are one of the least economically connected countries in this region. With the successful implementation of CPEC, this may change soon: China is interested in expanding CPEC further to Central Asia through Afghanistan. This expected extension of the CPEC has the potential to revive Afghanistan and Pakistan’s fragile economics which can ultimately prove an effective weapon to fight against forces that benefit from the economic underdevelopment of this region.

While some regional states have opposed the project, Pakistan with the help of China – a key stakeholder in this financial scheme – is willing to overcome all challenges to ensure that CPEC becomes operational. With the development of the Gwadar, majority of Beijing’s imports are expected to pass through Pakistan which has a potential to lift Pakistan’s struggling economy. It’s important to note that China is one of the largest oil importers in the world and Pakistan offers a ‘short’ and strategically important location for Beijing to route its imports through Pakistan. Qatar has also invested over $1billion in the natural gas sector. Pakistan’s close friend, Saudi Arabia, has also expressed an interest toward the development of Gwadar. Iran has already shown an interest to join the China lead economic block. If Iran joins the CPEC, Pakistan’s economy can benefit further, for the former can help Pakistan in overcoming its energy and gas shortages to a great extent given the country’s massive oil reserves which largely remain untapped. A number of other states, including China are setting up oil refineries in Gwadar which in the new future would reduce Pakistan’s energy shortages further. With the potential to handle ships over 50,000 tons in terms of weight, Gwadar port is also expected to generate business activity worth $50 billion annually at its peak.

Overall, Gwadar represents an excellent economic opportunity for Pakistan, China and other interested stakeholders.

Master Trainer/ Advisor (Pakistan Industrial Technical Assistance Center, Lahore operated under Federal Ministry of Industries and Production, Islamabad)

Published in Daily Times, April 14th2018.

Comments

Popular posts from this blog

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میںPlease help the deserving persons...Salary:Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows;Welder: Rs. 1,700 dailyHeavy Duty Driver: Rs. 1,700 dailyMason: Rs. 1,500 dailyHelper: Rs. 850 dailyElectrician: Rs. 1,700 dailySurveyor: Rs. 2,500 dailySecurity Guard: Rs. 1,600 dailyBulldozer operator: Rs. 2,200 dailyConcrete mixer machine operator: Rs. 2,000 dailyRoller operator: Rs. 2,000 dailySteel fixer: Rs. 2,200 dailyIron Shuttering fixer: Rs. 1,800 dailyAccount clerk: Rs. 2,200 dailyCarpenter: Rs. 1,700 dailyLight duty driver: Rs. 1,700 dailyLabour: Rs. 900 dailyPara Engine mechanic: Rs. 1,700 dailyPipe fitter: Rs. 1,700 dailyStorekeeper: Rs. 1,700 dailyOffice boy: Rs. 1,200 dailyExcavator operator: Rs. 2,200 dailyShovel operator: Rs. 2,200 dailyComputer operator: Rs. 2,200 dailySecurity Supervisor: Rs. 2,200 dailyCook for Chinese food: Rs. 2,000 dailyCook…

Balochistan to establish first medical university

https://www.dawn.com/news/1366135

The Newspaper's Staff CorrespondentOctober 25, 2017QUETTA: The provincial cabinet on Tuesday approved the draft for establishing a medical university in Balochistan.Health minister Mir Rehmat Saleh Baloch made the announcement while speaking at a press conference after a cabinet meeting.“The cabinet has approved the draft of the medical university which would be presented in the current session of the Balochistan Assembly,” he said, adding with the assembly’s approval the Bolan Medical College would be converted into a medical university.Published in Dawn, October 25th, 2017

The Rise of China-Europe Railways

https://www.csis.org/analysis/rise-china-europe-railways

The Rise of China-Europe RailwaysMarch 6, 2018The Dawn of a New Commercial Era?For over two millennia, technology and politics have shaped trade across the Eurasian supercontinent. The compass and domesticated camels helped the “silk routes” emerge between 200 and 400 CE, and peaceful interactions between the Han and Hellenic empires allowed overland trade to flourish. A major shift occurred in the late fifteenth century, when the invention of large ocean-going vessels and new navigation methods made maritime trade more competitive. Mercantilism and competition among Europe’s colonial powers helped pull commerce to the coastlines. Since then, commerce between Asia and Europe has traveled primarily by sea.1Against this historical backdrop, new railway services between China and Europe have emerged rapidly. Just 10 years ago, regular direct freight services from China to Europe did not exist.2 Today, they connect roughly 35 Chinese…