Pak-China Vow to tap into the Potential of the Gwadar Port, free zone
Islamabad: Pakistan and China are now set to redouble their efforts into completing taping into the potential of the Gwadar Port as well as the free zone so that a full benefit can be offered to the locals of the area as a result of the projects.
Pakistani and Chinese officials held meetings of the two joint working groups on Gwadar and Socio-Economic Development by means of video conferencing equipment, reported a press release by the planning committee.
According to sources, one of the meetings underlined the need for finalizing the Marketing and Investment Plan for Free Zone along with the strategy for implementation of this plan. Confirmation for the implementation of the plan was soon informed and it was declared that the plan would soon be submitted for consideration to the Cabinet Committee on China-Pakistan Economic Corridor.
The sixth session of the Joint venture of the Working Group on Gwadar was co-chaired by the secretary of planning, development, and special initiatives Mr. Abdul Aziz Uqaili and Ying Xiong, the Director-General of the National Development and Reforms Commission of China.
According to the news sources, both sides expressed a sense of satisfaction over the stable progress that was made on the various projects, the meeting also noted that the Gwadar Free Zone Phase-I project is successfully completed whereas work has already begun on the bigger phase-II project which covered an area of 2,221 acres.