AIRLINK 185.82 Decreased By ▼ -2.66 (-1.41%)
BOP 12.59 Decreased By ▼ -0.11 (-0.87%)
CNERGY 7.13 Decreased By ▼ -0.12 (-1.66%)
FCCL 41.46 Decreased By ▼ -1.01 (-2.38%)
FFL 15.34 Decreased By ▼ -0.11 (-0.71%)
FLYNG 25.69 Increased By ▲ 0.46 (1.82%)
HUBC 131.92 Decreased By ▼ -1.54 (-1.15%)
HUMNL 14.20 Decreased By ▼ -0.20 (-1.39%)
KEL 4.62 Decreased By ▼ -0.17 (-3.55%)
KOSM 6.21 Decreased By ▼ -0.13 (-2.05%)
MLCF 51.13 Increased By ▲ 2.09 (4.26%)
OGDC 213.33 Increased By ▲ 2.96 (1.41%)
PACE 6.70 Increased By ▲ 0.27 (4.2%)
PAEL 41.47 Decreased By ▼ -1.02 (-2.4%)
PIAHCLA 16.72 Decreased By ▼ -0.17 (-1.01%)
PIBTL 8.67 Decreased By ▼ -0.25 (-2.8%)
POWER 10.90 Increased By ▲ 0.17 (1.58%)
PPL 176.76 Decreased By ▼ -1.30 (-0.73%)
PRL 35.64 Increased By ▲ 0.40 (1.14%)
PTC 24.82 Increased By ▲ 0.01 (0.04%)
SEARL 97.32 Increased By ▲ 0.49 (0.51%)
SILK 1.12 Increased By ▲ 0.01 (0.9%)
SSGC 31.46 Decreased By ▼ -0.43 (-1.35%)
SYM 18.03 Increased By ▲ 0.31 (1.75%)
TELE 8.26 Decreased By ▼ -0.05 (-0.6%)
TPLP 11.70 Decreased By ▼ -0.16 (-1.35%)
TRG 60.06 Decreased By ▼ -3.21 (-5.07%)
WAVESAPP 11.53 Decreased By ▼ -0.11 (-0.95%)
WTL 1.49 No Change ▼ 0.00 (0%)
YOUW 3.91 Decreased By ▼ -0.03 (-0.76%)
AIRLINK 185.82 Decreased By ▼ -2.66 (-1.41%)
BOP 12.59 Decreased By ▼ -0.11 (-0.87%)
CNERGY 7.13 Decreased By ▼ -0.12 (-1.66%)
FCCL 41.46 Decreased By ▼ -1.01 (-2.38%)
FFL 15.34 Decreased By ▼ -0.11 (-0.71%)
FLYNG 25.69 Increased By ▲ 0.46 (1.82%)
HUBC 131.92 Decreased By ▼ -1.54 (-1.15%)
HUMNL 14.20 Decreased By ▼ -0.20 (-1.39%)
KEL 4.62 Decreased By ▼ -0.17 (-3.55%)
KOSM 6.21 Decreased By ▼ -0.13 (-2.05%)
MLCF 51.13 Increased By ▲ 2.09 (4.26%)
OGDC 213.33 Increased By ▲ 2.96 (1.41%)
PACE 6.70 Increased By ▲ 0.27 (4.2%)
PAEL 41.47 Decreased By ▼ -1.02 (-2.4%)
PIAHCLA 16.72 Decreased By ▼ -0.17 (-1.01%)
PIBTL 8.67 Decreased By ▼ -0.25 (-2.8%)
POWER 10.90 Increased By ▲ 0.17 (1.58%)
PPL 176.76 Decreased By ▼ -1.30 (-0.73%)
PRL 35.64 Increased By ▲ 0.40 (1.14%)
PTC 24.82 Increased By ▲ 0.01 (0.04%)
SEARL 97.32 Increased By ▲ 0.49 (0.51%)
SILK 1.12 Increased By ▲ 0.01 (0.9%)
SSGC 31.46 Decreased By ▼ -0.43 (-1.35%)
SYM 18.03 Increased By ▲ 0.31 (1.75%)
TELE 8.26 Decreased By ▼ -0.05 (-0.6%)
TPLP 11.70 Decreased By ▼ -0.16 (-1.35%)
TRG 60.06 Decreased By ▼ -3.21 (-5.07%)
WAVESAPP 11.53 Decreased By ▼ -0.11 (-0.95%)
WTL 1.49 No Change ▼ 0.00 (0%)
YOUW 3.91 Decreased By ▼ -0.03 (-0.76%)
BR100 11,985 Decreased By -37.2 (-0.31%)
BR30 35,923 Decreased By -207 (-0.57%)
KSE100 114,528 Increased By 198 (0.17%)
KSE30 35,699 Increased By 86.5 (0.24%)
Top News

Pakistan to transfer Gwadar Port to China

  KARACHI: Pakistan will transfer the strategically located deep-sea Gwadar port on the Arabian Sea to China, the
Published January 31, 2013

gwadar-port

 

KARACHI: Pakistan will transfer the strategically located deep-sea Gwadar port on the Arabian Sea to China, the media reported on Thursday.

 

Primary funding has been provided by China with $250 million for construction of the port in the province of Balochistan.

 

The port, currently being operated by Singapore's PSA International, is in need of dire developmental work to become fully operational.

 

In May 2011, former defence minister Ahmad Mukhtar said that China had agreed to take over port operations at Gwadar.

 

He also said Islamabad wants China to a construct a naval base in Gwadar for Pakistan.

 

However, China said it was unaware of any such request. 

 

Copyright Business Recorder, 2013

 

Comments

Comments are closed.