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Tag Archives: Gwadar Port

Rs80b against estimates of Rs162b released: PM Nawaz says Balochistan uplift close to his heart  

ISLAMABAD: The Federal government has taken corrective measures in shape of 7th NFC Award, Aghaz-e-Haqooq-e-Balochistan, 18th Amendment and substantive allocations for development projects has been made to address sense of deprivation of Balochistan. Addressing the inaugural session of Balochistan Development Forum, Prime Minister Nawaz Sharif declared that Balochistan was close to his heart, and despite constraints, the federal government provided ... Read More »

Chinese firm prepares master plan to improve capacity of Gwadar Port

GWADAR: Arthur D Little has drawn up a master plan that forecasts freight sources from the urban development, industrialization process, operation of the port, including petrochemical products relevant to heavy industry and manufacturing. According to the final draft of Operation Planning for Gwadar Port prepared by China Overseas Ports Holding Company Limited November 2014, the short-term forecast for Gwadar Port ... Read More »

2,681-km Pak-China economic corridor: Senators spark ruckus over route diversion

ISLAMABAD: The 2,681 km-long Pak-China Economic Corridor (PCEC) from Khunjrab to Gwadar, has sparked a new controversy as Senators from two provinces – Balochistan and Khyber-Pakhtunkhwa (KP) expressed their resolve to vehemently resist the project if its route was diverted from KP and Balochistan. During a meeting of the Senate Standing Committee on Communication, the senators voiced their concerns that ... Read More »

Chinese entrepreneurs, bankers conclude Gwadar visit

GWADAR: A 20-member Chinese delegation comprising entrepreneurs, bankers, public representatives including the Mayor of Handan (Hebei Province) paid a 3-day visit to Gwadar. The visit was jointly sponsored by Industrial and Commercial Bank of China (ICBC) and Habib Bank Limited (HBL), which were working on a concept of development of Special Economic Zone (SEZ) in Gwadar. The visit was in ... Read More »

Gwadar Port to have new airport at three times higher cost

  ISLAMABAD: The Central Development Working Party (CDWP) conditionally cleared civil aviation authority’s plan of New Gwadar International Airport at a revised cost of Rs26.6 billion, which is three and a half times higher than the original price. This clearance was given by the Central Development Working Party (CDWP) as the body have the mandate to approve up to Rs3 ... Read More »

Gwadar port to link Pakistan to regional markets: Dar

ISLAMABAD: The Federal Finance Minister Ishaq Dar has said that the government has planned to boost work on motivated project of Economic Corridor which will link the Gwadar Port of Pakistan to regional markets. He was speaking at Air Headquarters in Islamabad. He said that the federal government will make Pakistan a leading regional economy in the region by its ... Read More »

Pak-China Corridor a game changer for whole region: Ahsan

ISLAMABAD: The Federal Minister for Planning, Development and Reform Ahsan Iqbal said that China Pakistan Economic Corridor (CPEC) is a game changer for Pakistan. It will usher a new era of progress and prosperity in the country. He was chairing introductory meeting of the Transport Group of CPEC in Planning Commission. The meeting was attended by officials from Ministry of ... Read More »

Kamran Michel to inaugurate Chinese-donated buses for Gwadar schools

ISLAMABAD: Federal Minister for Ports and Shipping Kamran Michel will inaugurate Chinese-donated buses for schools of Gwadar here on August 18. Chinese Ambassador in Pakistan will be the chief guest at the ceremony while other prominent figures and dignitaries will participate in the ceremony scheduled to be held at Gwadar Port. According to an invitation extended by the Gwadar Port ... Read More »

Customs collects Rs 300.11m in Gwadar

KARACHI: The Model Customs Collectorate (MCC) of Gwadar has collected an amount of Rs 300.11 million in share of customs duty (CD), sales tax, federal excise duty (FED) and withholding tax (WHT) in the month of July-2014. According to the statistics, the Collectorate of Gwadar has collected an amount of Rs 58.87 million in share of CD in the first ... Read More »

Chinese banking giant delegates meet GCCI members

GWADAR: A delegation of China’s largest bank ICBC and China Overseas Handling Company has met local businessmen of Gwadar Chamber of Commerce and Industry and some investors, who had traveled to Gwadar from Karachi, Lahore and other parts of Pakistan. The Chinese delegation expressed their interest to jointly work with free zone operators, developers and investors in establishing industrial park. ... Read More »

Incomplete Gwadar stands out among world’s big sea ports: Dostain Jamaldini

GWADAR: Gwadar Port Authority Chairman Dostain Khan Jamaldini described Gwadar Port as a game changer, saying that it is set to turn Pakistan into an economic hub of the region. He informed that the sea front area of partially-completed Gwadar port was more than 50 kilometres. So far only 1.4 percent of the Gwadar project could be completed mainly due ... Read More »

Gwadar Customs collects Rs14.36m in FY 2013-14

GWADAR: Customs Collectorate Gwadar collected total customs duty of Rs 14.36 million during the financial year 2013-14, official data disclosed. As per details, the Gwadar customs house collected Rs 505,640 during July and Rs2.21m in August 2013 through auction of seized Iranian petrol and diesel. Similarly, Gwadar Customs collected Rs1.01m during September, Rs 2.08m in October, Rs1.50m in November and Rs ... Read More »

RCCI for expediting work on Gwadar Port

RAWALPINDI: The government must take development work on the Gwadar Port seriously and should step up work on the Gwadar-Kashgar Road link, demanded by the Rawalpindi Chamber of Commerce and Industry (RCCI). An RCCI delegation, led by its President Dr Shimail Daud Arain, discussed the issue when it met Balochistan Governor Muhammad Khan Achakzai at the Balochistan House in Islamabad. ... Read More »

Chinese delegation visits Gwadar port

GWADAR: A Chinese delegation visited Gwadar deep sea port to review arrangements for making it functional. On the occasion, Gwadar Development Authority Director General Dr Sajjad Hussain Baloch gave a detailed briefing to the delegation on Gwadar Port, Gwadar City and other projects pertaining to Gwadar. The Chinese delegation expressed their interest in investing in Gwadar City, steel industries, cement ... Read More »

Gwadar port can handle ships of 50,000 DWT

ISLAMABAD: Minister for Ports and Shipping Kamran Michael said that Gwadar port can handle ships of 50,000 deadweight tonnage (DWT), making it easier for importers to ship maximum cargo on a single large ship. He said that nine projects costing $1.7 billion were approved by the Prime Minister to make Gwadar port functional. Gwadar port, the third deep-sea port of ... Read More »

Phase I of Gwadar port development completed

ISLAMABAD: During the National Assembly session, Minister for Ports and Shipping Kamran Michael has informed the house that a high level committee has been constituted to acquire land for Gwadar Port. He said that a number of projects on the port under phase 1 have been totally completed. The completed projects include three multipurpose berths, each 200 metre long and ... Read More »

PM visits Gwadar port today

ISLAMABAD: Prime Minister Nawaz Sharif will reach Gwadar today to review progress on the deep-sea port, located at the apex of the Arabian Sea and at the mouth of the Persian Gulf. The premier will also chair a high-level meeting in the province for reviewing the economic corridor at Gwadar. Chairing a federal cabinet meeting recently, Prime Minister Nawaz Sharif had ... Read More »

Committee disgusted over pace of development at Gwadar port

ISLAMABAD: Senate’s Standing Committee on Ports and Shipping has expressed concerns over delay in the Gwadar’s development projects and warned of immense losses, if finances were not utilised properly. The Senate committee met under the chairmanship of Sardar Fateh Muhammad Hassani including members Naseema Ehsan, Nuzhat Sadiq, Kalsoom Parveen, Haji Khan Hafiz Hamdullah, and Minister for Ports and Shipping Kamran ... Read More »

Shipping lines grappling with immense problems: APSA chairman

KARACHI: The shipping lines have been grappling with immense problems in term of revenue generation as most of the ‘refer’ (refrigerate) containers are laying abandoned at terminals, causing heavy loss to shipping lines. All Pakistan Shipping Association (APSA) Chairman Capt (r) Syed Mushtaq Ali Shah revealed during an exclusive interview with Customs Today at his office. Syed Mushtaq claimed that ... Read More »

Senate’s committee notes staff shortage at Gwadar

ISLAMABAD: Senate’s Standing Committee on Ports and Shipping has held a meeting here in parliament house. Senator Sardar Fateh Muhammad Muhammad Hassani, while chairing the committee meeting said that a talented team and better communication infrastructure could improve performance of the port. He said that Gwadar Port was a precious asset but shortage of staff was hampering its development projects. Ban ... Read More »