Malaysia wants to utilise Gwadar port

Published: April 6, 2017

ISLAMABAD: In a bid to capitalise on the rise of regional integration, a Malaysian delegation on Wednesday expressed its interest to help develop projects like ferry service operation, construction of dedicated terminals at Pakistani ports and establishment of industry in the Gwadar port free zone.

CPEC will ‘pave way for development’  

Both countries agreed that a joint working group on maritime cooperation of Pakistan and Malaysia may be established.

These decisions were reached at a meeting held between a high level delegation headed by former Prime Minister of Malaysia, Abdullah Ahmad Badawi, and Pakistan’s Minister for Port and Shipping Mir Hasil Khan Bizenjo. The visiting delegation included leading industrialists and businessmen. The meeting discussed potential avenues of investment and explored possibilities of joint ventures in Pakistan’s shipping sector.

The visiting delegation was briefed by Bizenjo about ongoing projects being executed by the ministry and the future plans for development of the maritime sector.

Minister for Ports and Shipping emphasised on the importance of the China-Pakistan Economic Corridor (CPEC) and Gwadar Port, stating that the port held a central place in CPEC and would be a transshipment hub in the future.

He said the government had announced incentives, including income tax and customs duty exemptions for the Gwadar Free Zone Area. Participants of the meeting were briefed that the ministry had taken an initiative to allow the public and private sector to start the ferry service to facilitate tourists and pilgrims to Iran and the Middle East. This would stimulate economic growth through the tourism industry.

Britain eyeing to become key partner of CPEC

It also discussed that modern dedicated terminals for liquefied natural gas (LNG), coal and clinker and containers have been completed at Karachi Port and Port Qasim.

The delegation was also apprised that Pakistan had announced complete tax exemptions for import and registration of ships.

Published in The Express Tribune, April 6th, 2017.

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Reader Comments (9)

  • Asad
    Apr 6, 2017 - 10:30AM

    Thanks India for your attempts to isolate us. Recommend

  • Zahid Qadeer
    Apr 6, 2017 - 11:05AM

    Rather to import ships from other countries, Pakistan should build its own capabilities. It has only one facility of building and renovating ships at Karachi Shipyard which is also in public sector. Where as our neighboring countries i.e Bangladesh and India have doze of shipyards under public and private sector who are building ships for their country and to export as well. Recommend

  • Mani
    Apr 6, 2017 - 11:30AM

    Malaysia joins CPEC , fantastic , another Muslim country joins in cooperation with Pakistan Recommend

  • Mani
    Apr 6, 2017 - 11:31AM

    Well done Pakistan, keep going !Recommend

  • Sohail Gem Wazir
    Apr 6, 2017 - 2:53PM

    Masha Allah. Superb. Recommend

  • XoF
    Apr 6, 2017 - 3:15PM

    Modi’s Bollywood rant vs reality. Congratulations & isolations. Recommend

  • Samaa
    Apr 6, 2017 - 4:32PM

    @Zahid Qadeer:
    That will happen in time down the road.Recommend

  • scotchpak
    Apr 6, 2017 - 4:44PM

    build it and they will come … old hollywood sayingRecommend

  • Saleem
    Apr 7, 2017 - 8:52PM

    No officials are providing what we expect earning from CPEC. Nor analysing it with figures. Every thing is in air. Except some big one are getting money on sale of land in gawadar without approval of concerned authority. Recommend

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