Govt to divert 50% of public sector imports to Gwadar Port

MG News | September 05, 2024 at 04:15 PM GMT+05:00

0:00

September 05, 2024 (MLN): The federal government has decided to divert 50% of public sector imports to Gwadar Port with the support of Special Investment Facilitation Council, the Information Ministry reported.

After the visit of Prime Minister Shehbaz Sharif to China, it was decided that the Ministry of Maritime Affairs will forward a summary to the cabinet regarding imports through Gwadar.

Gwadar Port is a key component of the CPEC, which provides an important trade route between China, the Middle East, Africa, and Europe.

The Port can currently accommodate two large ships and by 2045, it will be able to accommodate one hundred and fifty ships.

The development of the port will create employment opportunities by increasing regional connectivity as well as help in attracting foreign investment.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	163,304.13 424.61M	-0.78% -1286.28
ALLSHR	99,380.97 1,038.42M	-0.94% -946.44
KSE30	49,842.51 138.16M	-0.73% -367.30
KMI30	238,104.17 78.33M	-0.14% -327.97
KMIALLSHR	65,590.95 485.77M	-0.66% -435.42
BKTi	45,705.29 72.87M	-2.08% -972.73
OGTi	32,671.23 13.00M	-0.23% -74.93

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	110,990.00	112,355.00 109,820.00	570.00 0.52%
BRENT CRUDE	65.69	66.78 65.41	-0.30 -0.45%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.05 -1.29%
ROTTERDAM COAL MONTHLY	92.60	0.00 0.00	0.10 0.11%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	61.44	62.59 61.21	-0.35 -0.57%
SUGAR #11 WORLD	14.97	15.34 14.93	-0.32 -2.09%