Pakistan needs to build Gwadar as special economic zone: Chinese scholar [The Nation] 26 Mar, 2020

BEIJING - Chinese scholar Prof Cheng Xizhong has suggested that whole Gwadar region should be built as a special economic zone, to get its maximum benefits. In a report published by Gwadar Pro App on Wednesday, he further proposed that there should be preferential policies for whole of the region. Moreover, business and security environment in the region should be improved. Prof. Cheng agreed that Gwadar under the CPEC framework will promote Pakistan’s export growth. It’s a good wish for a bright future and also an expectation of the whole Pakistani nation. However, to fully realize this aspiration, the Pakistani government and parties concerned need to make great efforts. He noted Pakistan’s government’s approval of “Gwadar Smart Port City Master Plan”, has set the tone and direction for Gwadar development. The relevant development and construction work will be carried out in three stages, with results to be delivered in 2025, 2035 and 2050 respectively. The first stage will focus on providing necessary living infrastructure and will be completed before 2025. After that, Gwadar development will gradually focus on the functional infrastructure of port city, including modern loading and unloading facilities, advanced storage and logistics facilities, infrastructure of special economic zone, and airport roads and other transportation infrastructure. Finally, Gwadar will be built into a modern and intelligent port of international standard. To attain the goal, he added, it is necessary to launch preferential policies and ensure favorable business environment to attract domestic and foreign investments to Gwadar on a large scale, so that Gwadar region can enjoy vitality and prosperity. A developed Gwadar is bound to drive the growth of Pakistan’s export, either domestic made or foreign made, and increase the revenue for Pakistan’s finance. Prof. Cheng asserted that Pakistan should go for the modernization of the country’s infrastructure; industrialization as well as to develop education so as to improve the cultural and educational quality of the people in an all-round way and development of science and technology.

More News

U.S. will allow Chinese passenger carriers two flights per week

06 Jun, 2020 Reuters

On Wednesday, President Donald Trump’s administration said it planned to bar all Chinese passenger airlines from flying to the United States by ... Detail

Pakistan-ADB pen $300 million emergency loan agreement

06 Jun, 2020 The Nation

ISLAMABAD - The Asian Development Bank (ADB) and the Government of Pakistan on Friday signed the agreement for a $300 million emergency assistance loa ... Detail

Exclusive: Buyout firm Sycamore Partners in talks to buy J.C. Penney - sources

06 Jun, 2020 Reuters

J.C. Penney, which employs roughly 85,000 people, filed for bankruptcy protection in May after the coronavirus pandemic forced it to temporarily close ... Detail

Reddit co-founder Ohanian resigns from board, wants a black candidate to take over

06 Jun, 2020 Reuters

(Reuters) - Reddit co-founder Alexis Ohanian said on Friday he has resigned from the board and sought to be replaced with a black candidate at the soc ... Detail

Tech drives Nasdaq to all-time high as signs of recovery emerge from coronavirus pandemic

06 Jun, 2020 Reuters

The Nasdaq’s 43% rise since late March puts the tech-heavy index far ahead of the broader S&P 500, highlighting investors’ willingness to ... Detail

Post Your Comments
Type your Comments / Review in the space below.
Name:
Email:
City:
Verify Code