Federal, Balochistan govts sign MoU on joint venture of Gwadar Shipyard

February 03, 2021: The Federal and Balochistan governments have signed a Memorandum of Understand on the joint venture of Gwadar Shipyard.

Addressing the MoU signing ceremony in Quetta, Minister for Defense Production Zubaida Jalal said Gwadar Shipyard would be owned by the Balochistan government which is being acquired by the federal government under equity.

She said the capacity of Gwadar Shipyard would be much greater than Karachi Shipyard which would be significant for improvement in the economy of Balochistan.

Zubaida Jalal said professional training would be provided to the youth of Balochistan in Gwadar Institute and Karachi Shipyard to enable them to work outside the country after making them skilled.

She said a workshop will be established in Gawadar for repairing ships.

Speaking on the occasion, Balochistan Chief Minister Jam Kamal Khan said the joint venture of Gwadar Shipyard is a historic project which would help to enhance the economy and development of Balochistan in the future.

Radio Pakistan