Skip to main content

Gwadar Port, Free Zone to generate $10bn activities yearly: Asim


GWADAR: After becoming fully operational, the Gwadar Port and Gwadar Free Zone (GFZ) would generate economic activities of around $10 billion per annum, besides creating thousands of new jobs, China-Pakistan Economic Corridor (CPEC) Authority Chairman retired Lt Gen Asim Saleem Bajwa said on Monday.

“Soon after the completion of GFZ, a lot of manufacturing and trading activities will start, cargoes will move, and transshipment activities will increase,” Bajwa said while talking to the media here after reviewing the Gwadar Port and other projects under CPEC.

“We will continue to monitor the development work in Gwadar till all projects become fully operational,” he said.

The port’s infrastructural work has been completed by the China Port Holding Company at a cost of around $300 million and all four berths are fully operational.

Article continues after this advertisement

He stated that during the last few months, over 67,000 metric tonnes of cargo had been handled at the port, comprising consignments mostly under the Afghan Transit Trade Agreement, which were then later transported to Afghanistan.

“A vessel carrying 8,000 cubic feet liquefied petroleum gas was due at the port on Tuesday, while another ship with 24,000 MT of diammonium phosphate fertiliser and feed cargo slated for Afghanistan would soon arrive in Pakistan from Australia,” he added.

“They built the port handling capacity, while the customs system is also in place to facilitate investors and traders,” Bajwa said, adding that efforts are afoot to increase port traffic for which concerned officials are pursuing logistic companies.

With regard to the Gwadar Port Free Zone, Bajwa said its first phase spreading over 60 acres of land had already been completed, with 47 enterprises registered. Six factories have been completed whereas three of them are fully operational, while six others are under construction.

He said the second phase would spread over 2,221 acres of land for which the China Port Holding Company has already lined up an investor who would need around 1,600 acres of land. The investor has pledged a direct investment of $3 billion in a single industry that would create 30,000 jobs.

“The Eastbay Expressway would directly take the cargo from port to M-8 for onward shipment to Karachi and the rest of the country. 94 per cent work on the expressway had been completed, which would hopefully be inaugurated in September,” he said. Regarding the reservations of fishermen on the expressway development, he said three bridges were under construction to address their concerns.

Similarly, he said, work on Gwadar Airport is also going on at fast pace while the technical and vocational institutes in the city would also be completed in October.

Bajwa said the prime minister had specifically directed to create maximum job opportunities in the area, with capacity building of the local youth by imparting them skill training.

He said the master plan of Gwadar City had also been approved, and was now at the implementation stage.

Moreover, he said the development of agriculture sector was a key area of focus under CPEC and informed that he had held a meeting with the agriculture community from Mirani and other areas of the province.

He said six Chinese companies were ready to sign lease agreements for 32,500 acres of land, on which they would develop a unique model of corporate farming.

“It would be the first agriculture model farm in Balochistan similar to those in Khyber Pakhtunkhwa (KP) and Sindh,” he added.


https://profit.pakistantoday.com.pk/2021/06/01/gwadar-port-free-zone-to-generate-10bn-activities-yearly-asim/

Comments

Popular posts from this blog

SSG Commando Muddassir Iqbal of Pakistan Army

“ Commando Muddassir Iqbal was part of the team who conducted Army Public School operation on 16 December 2014. In this video he reveals that he along with other commandos was ordered to kill the innocent children inside school, when asked why should they kill children after killing all the terrorist he was told that it would be a chance to defame Taliban and get nation on the side. He and all other commandos killed children and later Taliban was blamed. Muddassir Iqbal has deserted the military and now he is  with mujahedeen somewhere in AF PAK border area” For authenticity of  this tape journalists can easy reach to his home town to interview his family members or   ISPR as he reveals his army service number” Asalam o Alaikum: My name is Muddassir Iqbal. My father’s name is Naimat Ali. I belong to Sialkot divison (Punjab province), my village is Shamsher Poor and district, tehsil and post office  Narowal. Unfortunately I was working in Pakistan army. I feel embarrassed to tell yo

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میں Please 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 daily Heavy Duty Driver: Rs. 1,700 daily Mason: Rs. 1,500 daily Helper: Rs. 850 daily Electrician: Rs. 1,700 daily Surveyor: Rs. 2,500 daily Security Guard: Rs. 1,600 daily Bulldozer operator: Rs. 2,200 daily Concrete mixer machine operator: Rs. 2,000 daily Roller operator: Rs. 2,000 daily Steel fixer: Rs. 2,200 daily Iron Shuttering fixer: Rs. 1,800 daily Account clerk: Rs. 2,200 daily Carpenter: Rs. 1,700 daily Light duty driver: Rs. 1,700 daily Labour: Rs. 900 daily Para Engine mechanic: Rs. 1,700 daily Pipe fitter: Rs. 1,700 daily Storekeeper: Rs. 1,700 daily Office boy: Rs. 1,200 daily Excavator operator: Rs. 2,200 daily Shovel operator: Rs. 2,200 daily Computer operator: Rs. 2,200 daily Security Supervisor: Rs.

A ‘European Silk Road’

publication_icon Philipp Heimberger ,  Mario Holzner and Artem Kochnev wiiw Research Report No. 430, August 2018  43 pages including 10 Tables and 17 Figures FREE DOWNLOAD The German version can be found  here . In this study we argue for a ‘Big Push’ in infrastructure investments in greater Europe. We propose the building of a European Silk Road, which connects the industrial centres in the west with the populous, but less developed regions in the east of the continent and thereby is meant to generate more growth and employment in the short term as well as in the medium and long term. After its completion, the European Silk Road would extend overland around 11,000 kilometres on a northern route from Lisbon to Uralsk on the Russian-Kazakh border and on a southern route from Milan to Volgograd and Baku. Central parts are the route from Lyon to Moscow in the north and from Milan to Constanţa in the south. The southern route would link Central Europe with the Black Sea area and