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30/01/2018 05:29 AST
Prime Minister Shahid Khaqan Abbasi on Monday inaugurated free trade zone and first International Gwadar Expo in Gwadar.
During the two-day expo, foreign personalities, members of the diplomatic community and businessmen from across the globe would take part. The expo is being jointly organised by Gwadar Development Authority and China Overseas Ports Holding Company.
The Free Zone would help facilitate trade with different parts of the world especially Central Asia.
Speaking at the inaugural ceremony, Abbasi said the multibillion China-Pak Economic Corridor (CPEC) is turning into a reality today which will change the fate of the region.
He said that the project was a precious gift for the people of Pakistan from Chinese President Xi Jinping. “We inherited the challenges of terrorism and energy crisis but we followed compressive plans to overcome our issues.”
Abbasi said the project also envisages modernisation of Pakistan Railways and the establishment of power plants. He said political stability is required for the completion of development projects. “Gawara is a hub of maritime trade which will become a backbone of Pakistan’s economy.”
The Gulf Today
Ticker | Price | Volume |
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SABIC | 114.77 | 5,915,941 |
SAMBA | 26.98 | 1,138,683 |
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S&P 500 | 2,614.45 | 32.57 (1.26 |
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