#CPEC #Balochistan #Gwadar would become an international smart port city soon: Professor Ahsan Iqbal

#CPEC  #Balochistan
#Gwadar would become an international smart port city soon: Professor Ahsan Iqbal

Pakistan and China signed various agreements and memorandum of understandings on making Gwadar a world class modern port city and on leveraging special economic zones to capture the window of opportunity for structural transformation in Pakistan.

Both the side signed contract and implementation minutes of Gwadar Master City Plan. The parties also signed implementation minutes of Gwadar Eastbay Expressway.

The Gwadar Eastbay Expressway project has been initiated to construct 18.981 km 4-lane divided expressway with embankment for 6-lanes structures. “It would integrate Gwadar Port with the Makran Coastal Highway as well as with the free zone and future container terminals” he remarked.

Meanwhile, Pakistan and China signed MoU on Leveraging Special Economic Zones to capture the Window of Opportunity for Structural Transformation in Pakistan.

Minister Ahsan Iqbal said on the occasion that both the nations agreed to ensure cooperation for enabling joint research on the policy formulation for Special Economic Zones (SEZs). “We agreed to work together to form synergy on policy formulation on SEZs, enhance coordination and deepen mutually beneficial cooperation in order to promote CPEC in a steady manner, realizing peaceful development and common prosperity of the two countries” l

Minister on the occasion said Chinese companies should ensure knowledge transformation in the coal energy generation sector by linking with Pakistani engineering institutes. “Pakistan’s Engineering Councils could play a vital role by connecting with Chinese Companies for creation of knowledge resource in this sector”.