Pakistan's first deep seaport, Gwadar would become functional in a next few days, and would change the fate of the area by transforming its socio-economic landscape. Gwadar Port would generate tremendous opportunities for the people of Balochistan as thousands of jobs and new business will be created by it, PTV reported.
It would fulfil another commitment of the government to the people of Balochistan and would usher in a new era of development and prosperity.
Free economic zones would be set up near the port which would help harness vast potential in natural resources of the area.
This port would also lead to the development of heavy and large-scale industries, petrochemicals and manufacturing sector. Pakistan has already strategically located and this seaport has increased this importance and would make the access to the Central Asian States easier.
Singapore Port Authority, which would look after Gwadar, port for 25 years is running ports in almost 9 countries and would invest almost 3 billion dollars for the development of this port.
This port had been declared tax-free for 40 years and it is estimated that almost 50 million-ton cargo would go through this port in next 10-15 years. It is almost 14.5 m deep and was completed with the cooperation of China in record time period of three years and costs almost Rs 16 billion.
As soon as it becomes functional, it would give boost to the economy of the country and Pakistan would become the economical and trade hub of the region. The people of Balochistan are highly appreciative of the initiatives undertaken by government for the development and prosperity of Balochistan, which remained neglected in the past.