The federal government has decided to bring 50 percent of government imports to Gwadar port.
With the support of SIFC, the federal government has decided to divert 50 percent of public sector imports to Gwadar Port to make Gwadar Port financially stronger.
After the visit of the Prime Minister of Pakistan, Shehbaz Sharif to China, it was decided that the “Ministry of Maritime Affairs will provide the cabinet with a summary of imports through Gwadar”.
Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal and the concerned authorities will consider the Chinese proposal for the Karachi to Haid Rababad section of ML1 and present it in the next meeting of the Cabinet.
The Federal Minister for Planning, Development, and Special Measures will play an important role in strengthening the activities of the Ministries of Commerce, Industry and Production, Finance, and the Board of Investment to facilitate the transfer of Chinese companies to Pakistan.
The Board of Investment and the Ministry of Commerce along with SIFC have been tasked with preparing a comprehensive plan for the preparation of Pakistani firms for the Shanghai International Import Expo from November 5 to 10, 2024.
After the Prime Minister visits China, the Planning Minister will be in touch with Chinese experts to get timely reports, especially on investment, trade, and industries.
Gwadar Port is a key component of CPEC, which provides an important trade route between China, the Middle East, Africa, and Europe. The port of Gwadar can currently accommodate two large ships and will accommodate 150 ships by 2045. will be able to
The development of the port will create employment opportunities by increasing regional connectivity, at the same time the port will help attract foreign investment by stimulating economic growth.
The development of Gwadar Port, increasing national and international trade activities, paves the way for economic benefits and stability for Pakistan.
