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.

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