Gwadar Port has potential to turn Pakistan into ‘maritime power’

[I.R.A]

This is no good for his position. Do you know the difference between what is studied in economics and what is in accountancy? They're completely, completely different fields, one not qualified to do the other's job. And in Ishaq Dar's case he is if we go solely by his field and area of experience, unqualified for the role.

These are hugely separate fields.

For example, you as a chartered accountant, can you, by what you've studied give me a critique or a sound analysis of Pakistan's current monetary policy and outlook in 2015 on this subject given current economic conditions and forecasts? And I mean in depth, like that which is expected of any economics graduate.

I cannot believe I have to defend a politician because he is senior to me in my profession

Agreed these two are pretty much different fields, I cannot give you in depth analysis of Pakistan's current monetary policy and outlook right now, but if I am put in a position where I have to do it, I believe any Chartered Accountant will prove to be a quick learner, effective manager, well versed with pressure handling and sound decision maker. It goes all the way to how CAs are groomed right from the beginning. May be a CA with a degree in Economics would be more suitable person for this job? Because there are many other areas where I don't expect Economists to be that effective (like input in reforms in Taxation laws, corporate laws, investment / project appraisals, internal controls, variances, budgets etc. etc. or maybe I am wrong)?


Anyways my point here is labeling CAs for numbers and money only is not right, our Institute keeps in consideration the changing environment, trends and requirements. And ensures its professionals are trained accordingly so to enable its members to cope with dynamic environment.

 

[MastanKhan]

China pledges but the outcome sometimes differs when it comes to the ground, real FDI in Pakistan is very low according to the 2014 figures but that should pickup.

Hi,

It was about to happen during Musharraf's regime---almost---then india stepped back deciding that they would want to take out Pakistan thru proxy war or thru direct combat.

 

[vsdave2302]

Gwadar Port has potential to turn Pakistan into ‘maritime power’

Shazia Hasan Published a day ago

KARACHI: Maritime economy and environment remained in focus on the second day of the Sixth International Maritime Conference on Sunday.

The three-day conference has been organised by the National Centre for Maritime Policy Research (NCMPR) in collaboration with the Pakistan Navy at a local hotel.

“China has pledged $52 billion for infrastructure projects in Pakistan, of which $32bn is to be spent exclusively on energy projects in the next five years. If this materialises, Pakistan will become one of the largest recipients of Chinese outbound investment,” said Mustafa Hyder Sayed, executive director of the Pakistan-China Institute, while presenting his paper titled “Pakistan and the Maritime Silk Route”.

Also read: Gwadar Port to become operational in May, senate committee‏ told

In his paper called “The analysis on China’s Indian Ocean strategy”, Zhiyong Hu, a senior fellow at the Shanghai Academy of Social Sciences, discussed the growing importance of the Indian Ocean and China’s ocean strategy in the 21st century. “China took some measures to maintain its security and navigation safety, but at present, because China’s navy lacks advanced equipment, it cannot provide enough strength to safeguard its forces,” he remarked.

Retired Rear Admiral Dr Rakesh Chopra of India had “Maritime politics and challenges of the Indo-Pacific region” as the topic of his paper. “It is a region where the global centre of gravity is shifting and, therefore, requires examination,” he said.

Rear Admiral J.J. Ranasinghe, commander of the Southeastern Naval Area, Sri Lanka, spoke on “International law framework in relation to people smuggling and its ability to combat modern instances of people smuggling”.

“The organised human smugglers operating through transnational networks have chosen rich developed countries as their most preferred destinations,” he said.

During the session on trade and economy, Dr Azhar Ahmad shed light on the Gwadar-Kashgar corridor and its potential impact on the region.

“Despite having a long coastline and overwhelming economic dependence on sea, Pakistan has not been able to evolve into a true maritime nation. However, development of the Gwadar Port, at the crown of the Arabian Sea, has provided Pakistan with a unique opportunity to claim its status as an important maritime power,” he said.

The oceans are vital for security and economic life of the littoral states. But at the same time it is each state’s responsibility to safeguard the oceans and the marine life. Keeping this in view, the second day’s final session highlighted environmental issues vis-a-vis the Indo-Pacific region.

Whereas Dr Yimin Ye of the Food and Agriculture Organisation gave a comparison of the fishery management practices in the Northwest Pacific region with those of the West Indian Ocean region, retired Captain Tariq Masood, director of the NCMPR, talked about the ship breaking industry of Pakistan and how it could be made environmentally safe.

Prof Sikander Ahmed Shah of LUMS, former chief of the naval staff retired Admiral Shahid Karimullah, retired Commodore Syed M. Obaidullah and Federal Secretary of Climate Change Division Arif Ahmed Khan also spoke on the occasion.

The conference will conclude on Monday (today).

Published in Dawn February 16th , 2015

Gwadar Port has potential to turn Pakistan into ‘maritime power’ - Pakistan - DAWN.COM

Why only Gwadar, I say that whole pakistan has the potential to emerge as a much better country than what it is and what it is perceived to be. They have to overcome some internal issues and build a consenses on nationalissues.

 

[Jungibaaz]

I cannot believe I have to defend a politician because he is senior to me in my profession

You don't have to defend him, you could just let me burn the guy.

Agreed these two are pretty much different fields, I cannot give you in depth analysis of Pakistan's current monetary policy and outlook right now, but if I am put in a position where I have to do it, I believe any Chartered Accountant will prove to be a quick learner, effective manager, well versed with pressure handling and sound decision maker. It goes all the way to how CAs are groomed right from the beginning. May be a CA with a degree in Economics would be more suitable person for this job? Because there are many other areas where I don't expect Economists to be that effective (like input in reforms in Taxation laws, corporate laws, investment / project appraisals, internal controls, variances, budgets etc. etc. or maybe I am wrong)?

Well that's the thing, there's an IF there, a pure economist is not what you need in this sort of situation, granted. But you need someone with specialist in his field relevant to his job and relevant work, now Ishaq Dar's case, he was not in the relevant field, I can't remember what his job was but it was limited to more typical CA role as opposed to investment banking or something.

I agree CAs are more than capable of learning some pure economics and effectively applying it, but that does not mean someone who spent their life in CA can crash course many years worth of pure economics and many many years worth of relevant experience in a few months.

You could do it, but it's a big IF. And most people who understood the difference between the two were surprised to hear an accountant was put in an economists job. Granted an accountant can be qualified with some extra work on his own merit for this job, but in this guy's case I don't think he had the more relevant economics related experience.

Anyways my point here is labeling CAs for numbers and money only is not right, our Institute keeps in consideration the changing environment, trends and requirements. And ensures its professionals are trained accordingly so to enable its members to cope with dynamic environment.

I'm not saying that. I understand accountancy or at least what it entails as a formal course. I can see what you're saying, but in this guy's case, there's no indication that he is qualified for his role beyond his accountancy background, you need more than that to do his job.

It's not a matter of who's better, it's who specializes in what field.

 

[Menace2Society]

With the collapse of Chahabar port, Pakistan has the opportunity to monopolise transit route of Central Asia.

Work must be done on war footing. This will make Pakistan into an economic hub of Asia. I can't wait.

 

[Viper0011.]

Gwadar may be a blessing for the navy, as it will probably inevitably expand it's role, thus forcing Pakistan's security apparatus to re-evaluate the navy's meager budget.

You are forgetting the real hard work.....before you expand the navy to "protect" the non-existent trade routes, you first have to develop the trade route......and that's where I've said it hundreds of times on here, Pakistanis need to work as a team and as a nation.

The current government, bad, ugly or whatever to many of you on here, is creating some serious opportunity. Results of their work, will turn Pakistan into an economic power house and of course, through Gawader and Karachi combined, Pakistan can turn itself into a serious maritime force. You as a nation need to make sure that Peace, Stability and Tolerance of other people and religions grows in your society and violence is rejected. Mutual respect as Pakistani takes roots and religious gaps, cultural issues are put behind for mutual growth of ALL Pakistanis.

Gawader will becomes that port which provides goods and services for over 600 million people, it will create enough revenue to turn Pakistan's economy into a business power house (just including Western Chinese and Pakisani population, it'll be around 600 million, NOT including later addition of the Central Russian estates). So, to protect a critical trade out supporting over 600 million people, you'll need a stronger Navy.

So from both, Karchi and Gawader, Pakistan would be doing trade for almost a billion people total, with half of these people not Pakistani citizens so no governmental overhead for half a billion people, but you do get the revenue as pass through income because their commodities will go through Pakistan. So the tremendous pass through income will turn Pakistan's economy into the top 15 economies within the next 5-7 years. And it'll also turn the Pakistani Navy into a Giant as the Navy will need to protect trade being done for about a billion people. Imagine the possibilities!!! Having trade going through to support a billion people, half of which post no burden on your country as a citizen, but you get pass through income. This is probably the best scenario ever to grow a country's economy and wealth!! I can see at least One aircraft carrier within the next 10-15 years as the trade expands and Pakistan's foreign reserves go over $ 200 billion.

Gwadar Port has potential to turn Pakistan into ‘maritime power’

KARACHI: Maritime economy and environment remained in focus on the second day of the Sixth International Maritime Conference on Sunday.

“China has pledged $52 billion for infrastructure projects in Pakistan, of which $32bn is to be spent exclusively on energy projects in the next five years. If this materialises, Pakistan will become one of the largest recipients of Chinese outbound investment,” said Mustafa Hyder Sayed, executive director of the Pakistan-China Institute, while presenting his paper titled “Pakistan and the Maritime Silk Route”.

This is SO BIG for Pakistan that it's not even funny. This port will turn the tide in Pakistan's favor within the next decade and as soon as the electric power issues are fixed and the power outages are minimized to 10% by 2017, you'll see Pakistan's economy doing a vertical take off at supersonic speed. The two ports, Gawader and Karachi, will also quadruple the revenue of the entire country as there will be many billions of rupees coming in as pass through income for the Chinese cargo and commodities. Combined the Western Chinese consumers and the Pakistani consumers, these two ports will be serving close to a Billion people (about 200 million + Pakistani population + 400-500 million Western Chinese population). So imagine having pass through income coming in for the size of nearly the Indian population without having the need to provide for over 500 million consumers as they are Chinese. The revenue generation could eliminate poverty from Pakistan and free it from majority of her debts in the net 10-15 years. Due to this magnitude of trade, the need will come to expand its military to protect the trade routes. So your Navy and the Air force will be expanded tremendously, resulting in a much larger fleet of Navy and Air force assets, enough to counter the Indian fleet on that side. When Indian analysts say "we need to be ready to fight a two front war with China and Pakistan", they aren't looking at today's Pakistan or China. They are meaning two economically strong countries, both of which will have serious military power. But I hope India joins the economic growth too so this entire game can turn into helping the poor people of this region!

 

[Pulsar]

Why India and Pakistan end this feud and open our borders for trade and people like EU, just try it out we might like it?

Pakistan's refrain: It's Kashmir or bust! The Economy be damned. Trade be damned! Their priorities are clear. They don't want to improve the quality of life of the ordinary Pakistani. They want India to first hand over Kashmir to them on a silver platter and then only will they think of improving the life of the man on the street.

 

[Menace2Society]

The revenue generation could eliminate poverty from Pakistan and free it from majority of her debts in the net 10-15 years. Due to this magnitude of trade, the need will come to expand its military to protect the trade routes. So your Navy and the Air force will be expanded tremendously, resulting in a much larger fleet of Navy and Air force assets, enough to counter the Indian fleet on that side. When Indian analysts say "we need to be ready to fight a two front war with China and Pakistan", they aren't looking at today's Pakistan or China. They are meaning two economically strong countries, both of which will have serious military power. But I hope India joins the economic growth too so this entire game can turn into helping the poor people of this region!

I am looking forward to a time when Pakistan can achieve 7-9% growth year on year for 15 year period. If they can make this happen it will transform the country.

However for this to happen the common Pakistani needs to understand that by working and earning is more honorable to be broke and pious and be at the mercy of the highest bidding terrorist who is in need for monkeys.

Problem is the political leadership does not think at these depths. They scratch the surface. Building roads and the odd school or university. They are doing nothing to work on the education system itself. To get the poor and uneducated to this way of thinking requires them to have access to proper education. Terrorism can be destroyed by creating rational minds. Rational minds know to survive you have to prosper and go to school and earn rather than sit in a madrasah all day earning nothing and getting bullshitted by deobandis with foreign agenda.

Hopefully this corridor will create many jobs and their children can stop working and stop going to to these bogus madrassah where they learn absolutely nothing, and have the chance to go to a real school.

 

[Pulsar]

This is SO BIG for Pakistan that it's not even funny. This port will turn the tide in Pakistan's favor within the next decade and as soon as the electric power issues are fixed and the power outages are minimized to 10% by 2017, you'll see Pakistan's economy doing a vertical take off at supersonic speed. The two ports, Gawader and Karachi, will also quadruple the revenue of the entire country as there will be many billions of rupees coming in as pass through income for the Chinese cargo and commodities. Combined the Western Chinese consumers and the Pakistani consumers, these two ports will be serving close to a Billion people (about 200 million + Pakistani population + 400-500 million Western Chinese population). So imagine having pass through income coming in for the size of nearly the Indian population without having the need to provide for over 500 million consumers as they are Chinese. The revenue generation could eliminate poverty from Pakistan and free it from majority of her debts in the net 10-15 years. Due to this magnitude of trade, the need will come to expand its military to protect the trade routes. So your Navy and the Air force will be expanded tremendously, resulting in a much larger fleet of Navy and Air force assets, enough to counter the Indian fleet on that side. When Indian analysts say "we need to be ready to fight a two front war with China and Pakistan", they aren't looking at today's Pakistan or China. They are meaning two economically strong countries, both of which will have serious military power. But I hope India joins the economic growth too so this entire game can turn into helping the poor people of this region!

Wow! You talk as though Pakistan is going to be the next super power! Good luck to you if you can achieve that! However, your country is in deflation mode at present and 2017 is payback time when all your borrowings will need to be paid back to various international institutions including the IMF amounting to billions of dollars excluding interest. If you can't, you'd be stuck in a debt trap. So where's the money going to come from for your dreams mentioned in your post above?

 

[Daneshmand]

With the collapse of Chahabar port, Pakistan has the opportunity to monopolise transit route of Central Asia.

Work must be done on war footing. This will make Pakistan into an economic hub of Asia. I can't wait.

Good luck with that. By the way are you aware that Gwadar is not even connected to Pakistan's national electric grid? Gawadar is actually connected with Iran's national electric grid. Not to mention that there is no road existing, that connects Gwadar to Central Asia. Neither there is an oil refinery and an oil pipeline necessary for refueling the ships (each ocean going ship needs thousands of tonnes fuel). And then there is the security situation.

 

[Tameem]

Good luck with that. By the way are you aware that Gwadar is not even connected to Pakistan's national electric grid? Gawadar is actually connected with Iran's national electric grid. Not to mention that there is no road existing, that connects Gwadar to Central Asia. Neither there is an oil refinery and an oil pipeline necessary for refueling the ships (each ocean going ship needs thousands of tonnes fuel). And then there is the security situation.

Agha Jani! Stop Butthurting in every Pakistani thread. Chahbahar is the Future of the World...now be happy and leave us alone.

 

[Dr Gupta]

Hi,

It was about to happen during Musharraf's regime---almost---then india stepped back deciding that they would want to take out Pakistan thru proxy war or thru direct combat.

Indian oligarchs are too busy trying to milk the Indian cow by hook or crook. Such a war is futile as both sides of the business community want to further trade ties.

 

[A2Z]

Gawadar port must be developed it is very necessary for Pakistan, leave aside haters they only have 2 jobs to do, criticize and throw pebbles .

 

[B+ Dracula]

Good luck with that. By the way are you aware that Gwadar is not even connected to Pakistan's national electric grid? Gawadar is actually connected with Iran's national electric grid. Not to mention that there is no road existing, that connects Gwadar to Central Asia. Neither there is an oil refinery and an oil pipeline necessary for refueling the ships (each ocean going ship needs thousands of tonnes fuel). And then there is the security situation.

Long live Iran & its Chahbahar port
there is a win-win situation for both of us
Surely if you kick indians out of that port & let chinese in

 

[Daneshmand]

Long live Iran & its Chahbahar port
there is a win-win situation for both of us
Surely if you kick indians out of that port & let chinese in

Thank you. And long live Pakistan

You are saying as if Iran has GIVEN that port to India. As per Iran's constitution not even one inch of Iran's territory can be given to a foreigner. India has just offered to invest in port structures, and then left the scene. The idea was for an agreement that allowed Indian ships to use transit facilities at Chabahar for access to Central Asia. It has never become operational since India never showed any interest. It was a business deal.

Unlike the situation of Gwadar, where Chinese navy is going to be based. Gwadar for you and China is strategic since it is to be a port for use by Chinese navy. Iranian constitution bars such a deal to be had with anyone, China, India or for that matter any other foreign country.