Gwadar port city development project | News and Updates
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ghazi52
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Work on pilot phase to be completed by Dec: Minister
http://nation.com.pk/business/11-Aug...y-dec-minister
ISLAMABAD - Construction work on pilot phase of Gwadar Port Free Zone will be completed by December this year, Minister for Ports and Shipping Mir Hasil Khan Bizenjo announced on Thursday.
The minister said that according to the existing Gwadar City Master Plan being managed by Gwadar Development Authority and the Balochistan government, the entire area is divided into two major portions. One is port and industrial areas along the East Bay side of Gwadar and residential, commercial areas and tourism on the West Bay side of Gwadar.
On East Bay side, three industrial economic zones have been established by the government. Gwadar Port Free Zone, owned by Gwadar Port Authority and Ministry of Ports and Shipping is on 2,281 acres of land adjacent to port area. After the completion of pilot phase in December 2017, work on next phase will be started from January 2018.
Gwadar Industrial Estate is on 2,445 acres of land, whereas Gwadar Export Promotion Zone owned by the Ministry of Industries is spread over 1,000 acres of land. According to the City Master Plan, major tourism related initiatives can be taken on the West Bay side of Gwadar. The federal government has allowed 23 years tax incentives to the investors registered in GPFZ. These include exemptions from paying federal taxes like import and export duties, sales tax, corporate income tax and federal excise duty.
http://nation.com.pk/business/11-Aug...y-dec-minister
ISLAMABAD - Construction work on pilot phase of Gwadar Port Free Zone will be completed by December this year, Minister for Ports and Shipping Mir Hasil Khan Bizenjo announced on Thursday.
The minister said that according to the existing Gwadar City Master Plan being managed by Gwadar Development Authority and the Balochistan government, the entire area is divided into two major portions. One is port and industrial areas along the East Bay side of Gwadar and residential, commercial areas and tourism on the West Bay side of Gwadar.
On East Bay side, three industrial economic zones have been established by the government. Gwadar Port Free Zone, owned by Gwadar Port Authority and Ministry of Ports and Shipping is on 2,281 acres of land adjacent to port area. After the completion of pilot phase in December 2017, work on next phase will be started from January 2018.
Gwadar Industrial Estate is on 2,445 acres of land, whereas Gwadar Export Promotion Zone owned by the Ministry of Industries is spread over 1,000 acres of land. According to the City Master Plan, major tourism related initiatives can be taken on the West Bay side of Gwadar. The federal government has allowed 23 years tax incentives to the investors registered in GPFZ. These include exemptions from paying federal taxes like import and export duties, sales tax, corporate income tax and federal excise duty.
ghazi52
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Bank of China coming to Pakistan soon
Chairman of Gwadar Port Authority Dostain Jamaldeen has said that the branch of Bank of China will be opened in Gwadar soon, while the International Expo Center will be inaugurated in Gwadar by end of this year.
This he said during meeting with President of a private bank Zahir Ismail in Gwadar. He said that branches of few international banks besides local banks are also being opened in Gwadar, one of them is the Bank of China.
“Opening these banks will further strengthen the business investment here. Gwadar Port and Overseas Port Holding Company has allowed two banks to open their branches here,” GPA Chairman said.
Dostain also said that the construction work will be completed in the Gwadar-free zones in the coming months. In the first week of December, Prime Minister Pakistan and Chinese ministers will inaugurate the first International Expo Center in Gwadar Free Zones.
Over 100 Chinese companies are taking part in it.
He said that local people will be involved in the development of Gwadar for which the establishment of the Fish Processing Company is being established.
Chairman of Gwadar Port Authority Dostain Jamaldeen has said that the branch of Bank of China will be opened in Gwadar soon, while the International Expo Center will be inaugurated in Gwadar by end of this year.
This he said during meeting with President of a private bank Zahir Ismail in Gwadar. He said that branches of few international banks besides local banks are also being opened in Gwadar, one of them is the Bank of China.
“Opening these banks will further strengthen the business investment here. Gwadar Port and Overseas Port Holding Company has allowed two banks to open their branches here,” GPA Chairman said.
Dostain also said that the construction work will be completed in the Gwadar-free zones in the coming months. In the first week of December, Prime Minister Pakistan and Chinese ministers will inaugurate the first International Expo Center in Gwadar Free Zones.
Over 100 Chinese companies are taking part in it.
He said that local people will be involved in the development of Gwadar for which the establishment of the Fish Processing Company is being established.
Free zone u/c
Where is urdu writing, we must enforce urdu
Indus Pakistan
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Yeh why not. Send the Chinese home. Daube Urdu all over Gwadar. Progress. Mashallah.
ghazi52
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As CPEC continues to pick up steam, Pakistan is all set to witness an economic Renaissance. Places such as the deep sea port at Gwadar are expected to become the most critical business and societal hub as various projects get completed.
In light of this, Pakistan Navy has launched the first-ever housing scheme in Gwadar. Naval Anchorage Gwadar is a project by Pakistan Navy Benevolent Association.
The scheme claims to offer the best land at the most competitive market rates. The housing project is expected to be highly lucrative in the years ahead, as Gwadar welcomes a new generation of workers and professionals who wish to settle there.
About the Gwadar Housing Scheme
If you are looking to secure your future, investing in the Gwadar housing scheme is an ideal option.
Backed by the Pakistan Navy, the project assures safe and secure return on investment with huge growth potential as Gwadar powers on with various infrastructural projects.
Pakistan Navy is the first Defense Institution to have launched a housing scheme in Gwadar so far. More importantly, buyer will get a confirmed plot without any balloting hassles.
The scale of the project rivals those launched by DHA and Bahria in other parts of the country as well.
Pakistan Navy Launches Housing Scheme in Gwadar
In light of this, Pakistan Navy has launched the first-ever housing scheme in Gwadar. Naval Anchorage Gwadar is a project by Pakistan Navy Benevolent Association.
The scheme claims to offer the best land at the most competitive market rates. The housing project is expected to be highly lucrative in the years ahead, as Gwadar welcomes a new generation of workers and professionals who wish to settle there.
About the Gwadar Housing Scheme
If you are looking to secure your future, investing in the Gwadar housing scheme is an ideal option.
Backed by the Pakistan Navy, the project assures safe and secure return on investment with huge growth potential as Gwadar powers on with various infrastructural projects.
Pakistan Navy is the first Defense Institution to have launched a housing scheme in Gwadar so far. More importantly, buyer will get a confirmed plot without any balloting hassles.
The scale of the project rivals those launched by DHA and Bahria in other parts of the country as well.
Pakistan Navy Launches Housing Scheme in Gwadar
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Gwadar port to be fully operational in three to four years — Pakistan envoy to China
Beijing/Islamabad: Pakistan’s Ambassador to China, Masoud Khalid, on Tuesday said work was well in progress on Gwadar port and he had confidence it would be fully operational in three to four years.
A power plant is being set up to provide electricity to the city and port, and the existing airport and highways are being expanded.
“In three to four years, Gwadar will become a different city, and Gwadar port will be fully operational,” he said during an exclusive interview with China.org.cn.
“In fact, ships have now started arriving and they are bringing cargo and equipment for the work on the port. All in all the progress is good. We need to work faster on the airport. We need the airport as soon as possible, and the roads,” he added.
On how would Gwadar contribute to the region’s economy and security, he said Gwadar is an important port in terms of its location and it is very close to the Persian Gulf and the Middle East, and it will link up with China.
“We already have a highway to China, and we are working on upgrading and improving it so that it can become the main artery for trade and business between Pakistan and China,” he added.
Ambassador Khalid said the idea is that exports from China pass along this road, reach Gwadar, and are then transshipped to Africa and Europe. In terms of distance and cost, Gwadar will be very competitive, adding, “I am confident that it will gain momentum in the years to come.”
He said the port will serve the commercial and business interests not only of Pakistan but also of China and of the other countries in the region.”The whole of Central Asia is landlocked, and these countries need access to the seas for commerce and trade - we are in the ideal location to provide this.”
He said one company from Xinjiang has started to import seafood into China, but this industry needs to be upgraded. So the local fishermen can use modern technology to catch fish and to process and export them. So fishery, minerals, marble and granite, there is great potential to exploit these resources in the future.
Pakistan and China are mutual neighbors of several Central Asian countries, so Gwadar port will give a big impetus to the economic development of the entire region, he said.
Ambassador Khalid said the port will play an important role in promoting China’s commerce, trade and business through Pakistan to the outside world, and also the reverse and added, “In fact, we have a plan in the future to link Gwadar with Kashgar through energy pipelines and communication infrastructure.”
He said there are projects, there are jobs, and the infrastructure has improved, so the CPEC is contributing to the socioeconomic development of Pakistan and to the welfare of the Pakistani people.
About the opportunities brought by the Belt and Road Initiative to Pakistan’s economic and social development, and cooperation between China and Pakistan, he said during Premier Li Keqiang visit to Pakistan in 2013, an understanding was reached between Pakistan and China to create the China-Pakistan Economic Corridor (CPEC).
“Then we got into the discussions as to how the corridor would take shape. Subsequently there were a number of formal meetings between officials and experts from Pakistan and China to work out a framework to realize the corridor,” he added.
As this corridor project is part of President Xi Jinping’s the Belt and Road Initiative, so after 2013 both sides worked on the planning of the corridor.
Ambassador Khalid said the actual work started somewhere in 2015. So you can say the delivery has only been two-year project. What we did was that we divided the concept into various actionable programs, projects related to the power sector, to infrastructure, to development of Pakistan’s port, and to setting up industrial and economic zones.
“Now we are working on these, and the work is going on in a satisfactory manner; we are making good progress and corridor is picking up momentum. This is good for the two countries’ bilateral relations,” he added.
Commenting on the opportunities for the people living along the route of the corridor, he said the CPEC development is a project because it means concrete on the ground projects and also mentioned infrastructure projects, the port, and power projects.
He informed in the power sector the progress has been good as work is under progress on about sixteen power projects, to add about ten thousand megawatts of electricity by next year, by 2018.
Ambassador Khalid said under this program, some major projects have already entered service. Last month in July the inauguration of the first coal-based power plant - more than 1,300 megawatts took place in the Punjub province. Other similar projects, also big in scale,are likely to be operational by the end of this year.
“Side by side, we are working on hydro projects, solar power projects, and wind power projects. Some of the wind power projects will also become operational soon,” he added.
He said the government aims to overcome a power shortfall that the country has been facing for many years, which was impeding our economic development.
http://gulfnews.com/news/asia/pakis...-four-years-pakistan-envoy-to-china-1.2078434
Beijing/Islamabad: Pakistan’s Ambassador to China, Masoud Khalid, on Tuesday said work was well in progress on Gwadar port and he had confidence it would be fully operational in three to four years.
A power plant is being set up to provide electricity to the city and port, and the existing airport and highways are being expanded.
“In three to four years, Gwadar will become a different city, and Gwadar port will be fully operational,” he said during an exclusive interview with China.org.cn.
“In fact, ships have now started arriving and they are bringing cargo and equipment for the work on the port. All in all the progress is good. We need to work faster on the airport. We need the airport as soon as possible, and the roads,” he added.
On how would Gwadar contribute to the region’s economy and security, he said Gwadar is an important port in terms of its location and it is very close to the Persian Gulf and the Middle East, and it will link up with China.
“We already have a highway to China, and we are working on upgrading and improving it so that it can become the main artery for trade and business between Pakistan and China,” he added.
Ambassador Khalid said the idea is that exports from China pass along this road, reach Gwadar, and are then transshipped to Africa and Europe. In terms of distance and cost, Gwadar will be very competitive, adding, “I am confident that it will gain momentum in the years to come.”
He said the port will serve the commercial and business interests not only of Pakistan but also of China and of the other countries in the region.”The whole of Central Asia is landlocked, and these countries need access to the seas for commerce and trade - we are in the ideal location to provide this.”
He said one company from Xinjiang has started to import seafood into China, but this industry needs to be upgraded. So the local fishermen can use modern technology to catch fish and to process and export them. So fishery, minerals, marble and granite, there is great potential to exploit these resources in the future.
Pakistan and China are mutual neighbors of several Central Asian countries, so Gwadar port will give a big impetus to the economic development of the entire region, he said.
Ambassador Khalid said the port will play an important role in promoting China’s commerce, trade and business through Pakistan to the outside world, and also the reverse and added, “In fact, we have a plan in the future to link Gwadar with Kashgar through energy pipelines and communication infrastructure.”
He said there are projects, there are jobs, and the infrastructure has improved, so the CPEC is contributing to the socioeconomic development of Pakistan and to the welfare of the Pakistani people.
About the opportunities brought by the Belt and Road Initiative to Pakistan’s economic and social development, and cooperation between China and Pakistan, he said during Premier Li Keqiang visit to Pakistan in 2013, an understanding was reached between Pakistan and China to create the China-Pakistan Economic Corridor (CPEC).
“Then we got into the discussions as to how the corridor would take shape. Subsequently there were a number of formal meetings between officials and experts from Pakistan and China to work out a framework to realize the corridor,” he added.
As this corridor project is part of President Xi Jinping’s the Belt and Road Initiative, so after 2013 both sides worked on the planning of the corridor.
Ambassador Khalid said the actual work started somewhere in 2015. So you can say the delivery has only been two-year project. What we did was that we divided the concept into various actionable programs, projects related to the power sector, to infrastructure, to development of Pakistan’s port, and to setting up industrial and economic zones.
“Now we are working on these, and the work is going on in a satisfactory manner; we are making good progress and corridor is picking up momentum. This is good for the two countries’ bilateral relations,” he added.
Commenting on the opportunities for the people living along the route of the corridor, he said the CPEC development is a project because it means concrete on the ground projects and also mentioned infrastructure projects, the port, and power projects.
He informed in the power sector the progress has been good as work is under progress on about sixteen power projects, to add about ten thousand megawatts of electricity by next year, by 2018.
Ambassador Khalid said under this program, some major projects have already entered service. Last month in July the inauguration of the first coal-based power plant - more than 1,300 megawatts took place in the Punjub province. Other similar projects, also big in scale,are likely to be operational by the end of this year.
“Side by side, we are working on hydro projects, solar power projects, and wind power projects. Some of the wind power projects will also become operational soon,” he added.
He said the government aims to overcome a power shortfall that the country has been facing for many years, which was impeding our economic development.
http://gulfnews.com/news/asia/pakis...-four-years-pakistan-envoy-to-china-1.2078434
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