Chinese delegation inaugurates Gwadar Port Free Zone

Secretary of Xinjiang province says China will invest in social sector in Gwadar


Our Correspondent April 05, 2016

QUETTA: A 61-member Chinese delegation inaugurated Gwadar Port Free Zone on Monday.

Led by the Communist Party secretary of Xinjiang province, Zhang Chunxian, the delegation was accorded a warm welcome by Governor Balochistan Muhammad Khan Achakzai.

Is Pakistan really a dream destination for China?

The delegation inaugurated the Free Zone in Gwadar Port and said there were immense investment opportunities in Gwadar in various fields, adding China and Pakistan maintain long-standing, strong and brotherly relations which would be further cemented by the Chinese investment in the port city.

Zhang Chunxian said that China would invest in the social sector in Gwadar.

Chinese government is investing $46 billion on China-Pakistan Economic Corridor (CPEC) development project, which comes to roughly 20 per cent of Pakistan's annual GDP.

First phase of CPEC to be completed by 2017

The corridor aims to connect Gwadar port in Balochistan to China’s Xinjiang region via a network of highways, railways and pipelines spread over 3,000 km.

Published in The Express Tribune, April 5th, 2016.

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