Biggest-ever Saudi investment deals
A record investment package being prepared by Saudi Arabia for Pakistan will likely provide welcome relief for its ‘cash-strapped’ brother country, while also addressing regional geopolitical challenges, analysts say.At the heart of the investment is a reported $10 billion refinery and oil complex in the strategic Gwadar port on the Arabian Sea, the ultimate destination for the massive multibillion-dollar China Pakistan Economic Corridor (CPEC), which lies not far from the Indo-Iranian port of Chabahar.
Does Gwadar pose a trade challenge to Omani port of Salalah?
Oman is Pakistan’s fifth neighbor that shares maritime boundaries with Pakistan. The two countries enjoy close and cordial relations. Both the countries agreed to further enhance cooperation and expand relations in diverse areas, including economic, trade, investments, education and defense. Pakistan and Oman are bound by a common history, shared values, faith, traditions and commonality of interests and formed the basis of a special relationship with Oman. The two countries initiated their diplomatic relations way back in 1972, and have grown from strength to strength.
PSX branch in Gwadar can help support capital market’s boom
The Securities and Exchange Commission of Pakistan (SECP) should take the initiative of setting up a branch of Pakistan Stock Exchange (PSX) at Gwadar in Balochistan. A stock exchange in Gwadar will have a greater scope for development of Pakistan capital market than any place in other provinces. The country has already declared Gwadar port a free trade zone for the next 23 years. A huge development process is underway in and around Gwadar to convert it into identical Dubai, Hong Kong or Singapore in the subcontinent.
Free trade zone in Gwadar
A lease agreement is being processed to hand over 2,281 acres of land to the China Overseas Port Holding Company for the establishment of a ‘free trade zone’ in Gwadar. According to a senior official of the ministry of ports and shipping, the lease agreement is currently being reviewed by the law division. After the government’s formal approval, the land will be leased out to the Chinese company for 40 years. The ministry has paid over Rs6.69bn to acquire the land through the deputy commissioner of Gwadar.
CPEC and Gwadar to remain noteworthy for global investors in 2019
Gwadar Port and the $62 billion China-Pakistan Economic Corridor (CPEC)will continue to attract world’s attention throughout the new year 2019. Both projects have the potential to lure international investors. With a well developed CPEC and a fully functional Gwadar Port, Pakistan will become a key player in the Persian Gulf region and serve as an energy corridor for Central Asia, South Asia and western China.Gwadar Port will prove a milestone in promoting regional trade between Pakistan, Iran, Turkey, Afghanistan and Central Asian Republics (CARs).
How profitable is to invest in Gwadar
For both foreign and local investors, Gwadar Port city offers enormous business opportunities. Gwadar Port has the potential to become the industrial crown of the country. It can transform the Pakistan’s economic status forever. It will enjoy prime importance because of its geo-strategic location marking the confluence of South Asia, West Asia and Central Asia. The Gwadar Free Trade Zone will open up many more possibilities for the region. Gwadar, after completion of port project is expected to become the ‘boom’ town in the next few years. A special industrial development zone with an area of 4,000 hectares has been proposed for setting up various industries in Gwadar.
Developing Gwadar under CPEC main concern
Present government led by Prime Minister Imran Khan must ensure continuity and timely completion of all development projects and schemes related to the Gwadar Port and over $62 billion China-Pakistan Economic Corridor (CPEC). Sustainable funding and security of these two game-changer projects should be the priority area of concern for the government. With a well developed CPEC and a fully functional Gwadar Port, Pakistan will become a key player in the Persian Gulf region and serve as an energy corridor for Central Asia, South Asia and western China. Gwadar Port will prove a milestone in promoting regional trade between Pakistan, Iran, Turkey, Afghanistan and Central Asian States. Gwadar Port is being developed into an international port, and the CPEC will connect it with the CARs and would generate massive economic activity in the region.
Gwadar port and new vistas for insurance sector
By virtue of its strategic location, Gwadar Port has greater scope and tremendous potential to emerge as distribution and logistics hub in the region and since it was highlighted as the future port of global investors with bigger potential, wider scope and brighter prospects to emerge as center of trade and commerce serving at least 20 countries in the Asian region, the existing hub of major economic and commercial activities in the region will open new vistas for insurance sector while the benefits were not only confined to Balochistan province but for the whole of the country.
Importance of industrial zones in Gwadar
The proposed industrial zones in the port city of Gwadar would contribute to the harnessing of Balochistan’s potential in natural resources and development of heavy and large-scale industries, petrochemicals and manufacturing. The China-Pakistan Economic Corridor (CPEC) and Gwadar port are expected to usher in a new era of industrial development in Balochistan. Balochistan possesses enormous industrial potential in key sectors- agriculture, livestock, fisheries and minerals. There are greater investment opportunities in all sectors of provincial economy for exploiting the industrial potential of the province. A large number of agro-based, livestock-based, fisheries-based and mineral-based industries can be set up in the province.